Olivier Pomel Sells 100,754 Shares of Datadog (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 100,754 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $181.18, for a total value of $18,254,609.72. Following the transaction, the chief executive officer directly owned 533,358 shares in the company, valued at approximately $96,633,802.44. This represents a 15.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, November 17th, Olivier Pomel sold 100,754 shares of Datadog stock. The shares were sold at an average price of $181.18, for a total value of $18,254,609.72.
• On Monday, November 3rd, Olivier Pomel sold 62,682 shares of Datadog stock. The stock was sold at an average price of $163.90, for a total value of $10,273,579.80.
• On Wednesday, October 22nd, Olivier Pomel sold 11,195 shares of Datadog stock. The stock was sold at an average price of $154.35, for a total value of $1,727,948.25.
• On Tuesday, October 7th, Olivier Pomel sold 32,923 shares of Datadog stock. The shares were sold at an average price of $154.43, for a total value of $5,084,298.89.
• On Thursday, October 9th, Olivier Pomel sold 63,939 shares of Datadog stock. The shares were sold at an average price of $165.02, for a total transaction of $10,551,213.78.
• On Wednesday, October 8th, Olivier Pomel sold 25,620 shares of Datadog stock. The stock was sold at an average price of $165.01, for a total transaction of $4,227,556.20.
• On Tuesday, September 23rd, Olivier Pomel sold 11,195 shares of Datadog stock. The shares were sold at an average price of $137.94, for a total transaction of $1,544,238.30.
• On Monday, September 8th, Olivier Pomel sold 32,923 shares of Datadog stock. The stock was sold at an average price of $135.74, for a total transaction of $4,468,968.02.
• On Tuesday, September 2nd, Olivier Pomel sold 15,357 shares of Datadog stock. The stock was sold at an average price of $133.85, for a total transaction of $2,055,534.45.

Datadog Trading Down 0.1%

Shares of NASDAQ DDOG traded down $0.15 during trading on Wednesday, hitting $176.31. 3,455,774 shares of the company traded hands, compared to its average volume of 5,510,327. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The company has a 50-day moving average price of $157.22 and a 200-day moving average price of $139.41. The firm has a market capitalization of $61.83 billion, a P/E ratio of 568.74, a P/E/G ratio of 40.92 and a beta of 1.20. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. During the same period last year, the company posted $0.46 EPS. The business’s quarterly revenue was up 28.4% on a year-over-year basis. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. On average, equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Institutional Investors Weigh In On Datadog

Large investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. grew its stake in shares of Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Rothschild Investment LLC boosted its holdings in Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Tripletail Wealth Management LLC acquired a new stake in Datadog during the 3rd quarter valued at approximately $28,000. Physician Wealth Advisors Inc. grew its stake in Datadog by 315.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 145 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in Datadog during the 3rd quarter worth approximately $27,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DDOG has been the subject of a number of research reports. KeyCorp upgraded Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 target price for the company in a report on Friday, November 7th. BTIG Research raised their price target on shares of Datadog from $184.00 to $221.00 and gave the company a “buy” rating in a report on Thursday, November 6th. BMO Capital Markets lifted their price target on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. UBS Group increased their price objective on shares of Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Truist Financial raised their target price on shares of Datadog from $140.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Thirty-one investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $207.38.

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.