Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CEO Olivier Pomel sold 15,225 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total value of $2,414,685.00. Following the sale, the chief executive officer owned 518,133 shares of the company’s stock, valued at approximately $82,175,893.80. This represents a 2.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Olivier Pomel also recently made the following trade(s):
- On Wednesday, December 3rd, Olivier Pomel sold 32,923 shares of Datadog stock. The shares were sold at an average price of $154.63, for a total transaction of $5,090,883.49.
- On Monday, November 17th, Olivier Pomel sold 100,754 shares of Datadog stock. The stock was sold at an average price of $181.18, for a total transaction of $18,254,609.72.
- 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 transaction 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 shares were sold at an average price of $154.35, for a total transaction 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 stock was 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 shares were 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 stock was 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 value of $4,468,968.02.
Datadog Price Performance
Shares of NASDAQ:DDOG traded down $2.83 during midday trading on Thursday, reaching $153.00. 3,657,455 shares of the company’s stock traded hands, compared to its average volume of 5,479,387. The company has a fifty day simple moving average of $162.18 and a two-hundred day simple moving average of $142.90. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The company has a market cap of $53.65 billion, a P/E ratio of 493.55, a PEG ratio of 35.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Stifel Nicolaus set a $205.00 price objective on shares of Datadog in a research report on Thursday, November 6th. KeyCorp upgraded shares of Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price target for the company in a report on Friday, November 7th. Guggenheim set a $105.00 price objective on Datadog in a report on Thursday, November 6th. Macquarie increased their price objective on Datadog from $175.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, BMO Capital Markets lifted their target price on Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average target price of $207.38.
Check Out Our Latest Stock Report on DDOG
Institutional Trading of Datadog
Large investors have recently modified their holdings of the stock. Westside Investment Management Inc. boosted its holdings in Datadog by 74.3% in the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after purchasing an additional 75 shares during the period. Rothschild Investment LLC increased its holdings in Datadog by 126.6% during the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Tripletail Wealth Management LLC acquired a new stake in Datadog in the 3rd quarter valued at about $28,000. Physician Wealth Advisors Inc. raised its position in Datadog by 315.2% in 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 position in shares of Datadog in the 3rd quarter valued at about $27,000. 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.
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