Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CEO Sells 32,924 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CEO Olivier Pomel sold 32,924 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $146.05, for a total transaction of $4,808,550.20. Following the sale, the chief executive officer directly owned 548,715 shares in the company, valued at approximately $80,139,825.75. The trade was a 5.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Olivier Pomel also recently made the following trade(s):

• On Wednesday, June 25th, Olivier Pomel sold 100,754 shares of Datadog stock. The stock was sold at an average price of $131.88, for a total transaction of $13,287,437.52.
• On Monday, June 9th, Olivier Pomel sold 107,365 shares of Datadog stock. The stock was sold at an average price of $121.71, for a total transaction of $13,067,394.15.
• On Monday, June 2nd, Olivier Pomel sold 15,227 shares of Datadog stock. The stock was sold at an average price of $116.84, for a total transaction of $1,779,122.68.

Datadog Stock Down 0.1%

Shares of DDOG traded down $0.12 on Friday, reaching $137.37. The company's stock had a trading volume of 6,321,860 shares, compared to its average volume of 4,983,977. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.34. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The stock has a market capitalization of $47.44 billion, a PE ratio of 298.64, a PEG ratio of 76.06 and a beta of 1.03. The firm has a fifty day moving average of $123.97 and a 200-day moving average of $120.91.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.04. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The company had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. During the same quarter in the prior year, the business posted $0.44 EPS. The firm's revenue was up 24.6% compared to the same quarter last year. Equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Datadog from $125.00 to $128.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Wells Fargo & Company reduced their price objective on shares of Datadog from $140.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Royal Bank Of Canada reissued an "outperform" rating and issued a $119.00 price objective on shares of Datadog in a research note on Wednesday, May 7th. Wolfe Research raised shares of Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a research note on Thursday, June 12th. Finally, BTIG Research set a $136.00 price objective on shares of Datadog and gave the stock a "buy" rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $144.27.

Institutional Investors Weigh In On Datadog

A number of institutional investors and hedge funds have recently made changes to their positions in DDOG. Wealth Enhancement Advisory Services LLC increased its stake in Datadog by 32.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock valued at $2,216,000 after buying an additional 3,760 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Datadog in the 4th quarter valued at about $14,884,000. LBP AM SA increased its stake in Datadog by 40.2% in the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after buying an additional 120,343 shares during the last quarter. Berkshire Capital Holdings Inc. increased its stake in Datadog by 731,900.0% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 73,200 shares of the company's stock valued at $10,460,000 after buying an additional 73,190 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. purchased a new stake in Datadog in the 4th quarter valued at about $314,000. Institutional investors and hedge funds own 78.29% of the company's stock.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.