Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CEO Olivier Pomel sold 15,227 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $116.84, for a total transaction of $1,779,122.68. Following the transaction, the chief executive officer now directly owns 548,715 shares in the company, valued at approximately $64,111,860.60. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Olivier Pomel also recently made the following trade(s):
- 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.
- On Friday, March 7th, Olivier Pomel sold 107,365 shares of Datadog stock. The stock was sold at an average price of $109.56, for a total value of $11,762,909.40.
Datadog Stock Performance
NASDAQ DDOG traded up $0.52 during trading hours on Friday, hitting $122.27. The company had a trading volume of 2,038,380 shares, compared to its average volume of 4,380,218. The firm has a 50 day simple moving average of $104.72 and a 200 day simple moving average of $124.61. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The firm has a market capitalization of $42.23 billion, a price-to-earnings ratio of 239.16, a PEG ratio of 44.03 and a beta of 1.12.
Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The company had revenue of $761.55 million during the quarter, compared to analysts' expectations of $741.73 million. During the same quarter in the previous year, the company earned $0.44 earnings per share. Datadog's revenue for the quarter was up 24.6% on a year-over-year basis. On average, research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $119.00 price objective on shares of Datadog in a research note on Wednesday, May 7th. Truist Financial lowered their price objective on shares of Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Macquarie cut their target price on Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Jefferies Financial Group reissued a "buy" rating on shares of Datadog in a report on Tuesday, May 6th. Finally, Wedbush reduced their price objective on Datadog from $155.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $141.04.
Get Our Latest Analysis on Datadog
Institutional Investors Weigh In On Datadog
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its stake in Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after acquiring an additional 6,250,942 shares during the last quarter. Groupama Asset Managment lifted its holdings in shares of Datadog by 407.6% during the 4th quarter. Groupama Asset Managment now owns 6,600,000 shares of the company's stock worth $943,074,000 after acquiring an additional 5,299,688 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Datadog by 17,477.2% in the 4th quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company's stock valued at $573,923,000 after purchasing an additional 3,993,707 shares in the last quarter. Norges Bank bought a new stake in shares of Datadog during the fourth quarter valued at approximately $462,910,000. Finally, Brown Advisory Inc. raised its holdings in shares of Datadog by 2,804.2% during the fourth quarter. Brown Advisory Inc. now owns 2,749,174 shares of the company's stock valued at $392,830,000 after purchasing an additional 2,654,512 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.
About Datadog
(
Get Free Report)
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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