Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel Sells 107,365 Shares

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 107,365 shares of Datadog stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $109.56, for a total value of $11,762,909.40. Following the sale, the chief executive officer now directly owns 435,793 shares in the company, valued at approximately $47,745,481.08. The trade was a 19.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, January 27th, Olivier Pomel sold 11,195 shares of Datadog stock. The stock was sold at an average price of $139.86, for a total value of $1,565,732.70.
• On Wednesday, December 18th, Olivier Pomel sold 19,226 shares of Datadog stock. The stock was sold at an average price of $153.73, for a total value of $2,955,612.98.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $101.96 on Wednesday. The stock has a market cap of $34.95 billion, a price-to-earnings ratio of 199.93, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The stock’s 50 day moving average price is $133.38 and its 200 day moving average price is $131.66.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, sell-side analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Datadog by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 30,354,229 shares of the company’s stock valued at $4,337,316,000 after buying an additional 220,527 shares in the last quarter. Baillie Gifford & Co. grew its position in Datadog by 15.8% during the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock worth $1,558,234,000 after purchasing an additional 1,484,562 shares in the last quarter. Jennison Associates LLC grew its position in Datadog by 47.9% during the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after purchasing an additional 3,005,300 shares in the last quarter. Groupama Asset Managment grew its position in 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 purchasing an additional 5,299,688 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Datadog by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 5,684,612 shares of the company’s stock worth $811,076,000 after purchasing an additional 499,055 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DDOG. Morgan Stanley reiterated an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a research note on Thursday, January 16th. Barclays decreased their price target on Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Guggenheim reiterated a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Needham & Company LLC restated a “buy” rating and issued a $160.00 target price on shares of Datadog in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company downgraded Datadog from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $152.00 to $140.00 in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Datadog Company Profile

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.