Olivier Pomel Sells 23,924 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 23,924 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $130.05, for a total value of $3,111,316.20. Following the transaction, the chief executive officer now directly owns 337,247 shares in the company, valued at approximately $43,858,972.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, March 4th, Olivier Pomel sold 42,080 shares of Datadog stock. The shares were sold at an average price of $128.58, for a total value of $5,410,646.40.
• On Monday, February 26th, Olivier Pomel sold 19,226 shares of Datadog stock. The shares were sold at an average price of $130.06, for a total value of $2,500,533.56.
• On Tuesday, February 6th, Olivier Pomel sold 133,315 shares of Datadog stock. The shares were sold at an average price of $129.82, for a total value of $17,306,953.30.

Datadog Stock Up 5.0 %

NASDAQ:DDOG opened at $131.45 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. The company has a market cap of $43.62 billion, a PE ratio of 1,095.42 and a beta of 1.15. Datadog, Inc. has a 52-week low of $63.00 and a 52-week high of $138.61. The stock has a 50-day simple moving average of $125.25 and a 200 day simple moving average of $117.19.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. During the same period in the prior year, the firm posted ($0.08) earnings per share. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. On average, sell-side analysts expect that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Yousif Capital Management LLC boosted its position in Datadog by 10.3% during the first quarter. Yousif Capital Management LLC now owns 3,512 shares of the company’s stock valued at $434,000 after purchasing an additional 329 shares during the last quarter. YHB Investment Advisors Inc. acquired a new position in Datadog during the first quarter valued at approximately $49,000. First National Trust Co boosted its position in Datadog by 3.3% during the first quarter. First National Trust Co now owns 2,447 shares of the company’s stock valued at $302,000 after purchasing an additional 79 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Datadog by 8.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 57,511 shares of the company’s stock valued at $7,108,000 after buying an additional 4,400 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Datadog in the first quarter valued at approximately $476,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DDOG has been the topic of several research reports. William Blair reaffirmed an “outperform” rating on shares of Datadog in a research note on Friday, February 16th. Mizuho increased their target price on Datadog from $108.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Truist Financial increased their target price on Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Needham & Company LLC increased their target price on Datadog from $125.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 target price on shares of Datadog in a research note on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.70.

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.