Datadog, Inc. (NASDAQ:DDOG) CEO Sells $4,292,500.74 in Stock

Key Points

• Olivier Pomel, CEO of Datadog, sold 32,923 shares of the company's stock on August 11th for a total of approximately $4.29 million, reducing his ownership stake by 5.66%.
• Datadog's most recent quarterly earnings report surpassed analyst expectations, with earnings per share of $0.46 and revenue of $826.76 million, reflecting a 28.1% year-over-year increase.
• The stock has a market capitalization of $44.45 billion and has fluctuated between a 1-year low of $81.63 and a 1-year high of $170.08.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CEO Olivier Pomel sold 32,923 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $130.38, for a total transaction of $4,292,500.74. Following the completion of the sale, the chief executive officer directly owned 548,715 shares in the company, valued at approximately $71,541,461.70. The trade was a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, July 28th, Olivier Pomel sold 11,195 shares of Datadog stock. The shares were sold at an average price of $150.82, for a total transaction of $1,688,429.90.
• On Tuesday, July 8th, Olivier Pomel sold 32,924 shares of Datadog stock. The stock was sold at an average price of $146.05, for a total transaction of $4,808,550.20.
• On Wednesday, June 25th, Olivier Pomel sold 100,754 shares of Datadog stock. The shares were sold at an average price of $131.88, for a total value of $13,287,437.52.
• On Monday, June 9th, Olivier Pomel sold 107,365 shares of Datadog stock. The shares were sold at an average price of $121.71, for a total value of $13,067,394.15.
• On Monday, June 2nd, Olivier Pomel sold 15,227 shares of Datadog stock. The shares were sold at an average price of $116.84, for a total value of $1,779,122.68.

Datadog Price Performance

DDOG stock traded up $2.73 during midday trading on Friday, hitting $127.25. 4,565,628 shares of the stock were exchanged, compared to its average volume of 5,961,600. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The stock has a market cap of $44.38 billion, a price-to-earnings ratio of 363.58, a PEG ratio of 59.60 and a beta of 1.02. The stock's 50-day moving average price is $135.95 and its 200-day moving average price is $120.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.74 and a current ratio of 3.43.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The company had revenue of $826.76 million during the quarter, compared to analysts' expectations of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%. The business's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. Research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Jefferies Financial Group lifted their target price on Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Morgan Stanley boosted their price objective on Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Cantor Fitzgerald upped their target price on Datadog from $171.00 to $179.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Canaccord Genuity Group increased their target price on Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $119.00 target price on shares of Datadog in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.93.

Institutional Investors Weigh In On Datadog

A number of institutional investors have recently added to or reduced their stakes in the company. Putney Financial Group LLC purchased a new stake in shares of Datadog in the fourth quarter worth about $32,000. Elequin Capital LP acquired a new stake in Datadog during the fourth quarter valued at approximately $34,000. Coppell Advisory Solutions LLC raised its stake in Datadog by 178.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock valued at $40,000 after buying an additional 177 shares in the last quarter. Costello Asset Management INC bought a new position in shares of Datadog during the first quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares during the last quarter. Hedge funds and other institutional investors 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.