Olivier Pomel Sells 85,637 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 85,637 shares of Datadog stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $122.61, for a total value of $10,499,952.57. Following the completion of the sale, the chief executive officer now directly owns 392,111 shares in the company, valued at approximately $48,076,729.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, August 5th, Olivier Pomel sold 85,637 shares of Datadog stock. The stock was sold at an average price of $104.21, for a total transaction of $8,924,231.77.

Datadog Stock Performance

Shares of DDOG traded up $1.44 during mid-day trading on Wednesday, hitting $125.16. The company’s stock had a trading volume of 3,142,297 shares, compared to its average volume of 3,829,158. The firm has a market capitalization of $41.87 billion, a PE ratio of 390.91, a price-to-earnings-growth ratio of 28.94 and a beta of 1.11. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The stock’s 50-day moving average is $113.79 and its two-hundred day moving average is $119.16.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The firm had revenue of $645.28 million for the quarter, compared to the consensus estimate of $624.92 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The business’s revenue was up 26.7% compared to the same quarter last year. Analysts expect that Datadog, Inc. will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DDOG. Vanguard Group Inc. lifted its holdings in Datadog by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock valued at $3,390,485,000 after purchasing an additional 171,693 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Datadog by 9.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock worth $511,620,000 after acquiring an additional 331,808 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in Datadog by 5.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock valued at $322,487,000 after purchasing an additional 138,700 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Datadog by 19.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,068,070 shares of the company’s stock worth $138,518,000 after purchasing an additional 172,887 shares in the last quarter. Finally, Kodai Capital Management LP bought a new stake in shares of Datadog during the first quarter worth $116,054,000. 78.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Scotiabank lowered their price target on shares of Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $151.00 price objective on shares of Datadog in a research note on Friday, August 9th. Needham & Company LLC reduced their price target on Datadog from $165.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 9th. Barclays dropped their price objective on Datadog from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Finally, Monness Crespi & Hardt raised shares of Datadog from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.19.

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.