Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CEO Olivier Pomel sold 107,365 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $121.71, for a total value of $13,067,394.15. Following the transaction, the chief executive officer now directly owns 548,715 shares of the company's stock, valued at $66,784,102.65. This represents a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Olivier Pomel also recently made the following trade(s):
- 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 value of $1,779,122.68.
- On Monday, April 7th, Olivier Pomel sold 107,365 shares of Datadog stock. The stock was sold at an average price of $87.33, for a total value of $9,376,185.45.
Datadog Price Performance
Shares of NASDAQ:DDOG traded down $2.23 during midday trading on Friday, hitting $120.45. The company had a trading volume of 3,961,551 shares, compared to its average volume of 4,402,373. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The company has a market cap of $41.60 billion, a price-to-earnings ratio of 236.18, a PEG ratio of 44.03 and a beta of 1.01. The company has a fifty day moving average of $108.01 and a two-hundred day moving average of $123.35.
Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. The firm had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The business's quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. Research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Putney Financial Group LLC bought a new stake in Datadog in the fourth quarter worth about $32,000. Elequin Capital LP bought a new stake in Datadog in the fourth quarter worth about $34,000. Coppell Advisory Solutions LLC lifted its stake in Datadog by 178.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock worth $40,000 after purchasing an additional 177 shares during the last quarter. Costello Asset Management INC bought a new stake in shares of Datadog during the first quarter valued at approximately $30,000. Finally, Summit Securities Group LLC bought a new stake in shares of Datadog during the fourth quarter valued at approximately $43,000. Institutional investors own 78.29% of the company's stock.
Analyst Ratings Changes
DDOG has been the subject of a number of recent analyst reports. BTIG Research set a $136.00 price objective on Datadog and gave the company a "buy" rating in a research report on Tuesday, May 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $119.00 target price on shares of Datadog in a research note on Wednesday, May 7th. DA Davidson raised their price objective on Datadog from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Needham & Company LLC raised their price objective on Datadog from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Morgan Stanley lowered their price objective on Datadog from $143.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, Datadog has a consensus rating of "Moderate Buy" and a consensus target price of $142.25.
View Our Latest Research Report on DDOG
Datadog Company Profile
(
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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.
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