Datadog (NASDAQ:DDOG) CEO Olivier Pomel Sells 89,497 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 89,497 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $207.86, for a total value of $18,602,846.42. Following the completion of the transaction, the chief executive officer directly owned 586,416 shares of the company’s stock, valued at $121,892,429.76. The trade was a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 2nd, Olivier Pomel sold 26,331 shares of Datadog stock. The stock was sold at an average price of $212.90, for a total value of $5,605,869.90.
• On Wednesday, August 19th, Olivier Pomel sold 47,054 shares of Datadog stock. The stock was sold at an average price of $235.49, for a total value of $11,080,746.46.
• On Wednesday, August 5th, Olivier Pomel sold 127,141 shares of Datadog stock. The shares were sold at an average price of $286.71, for a total value of $36,452,596.11.
• On Thursday, July 23rd, Olivier Pomel sold 47,054 shares of Datadog stock. The shares were sold at an average price of $244.79, for a total value of $11,518,348.66.
• On Tuesday, June 16th, Olivier Pomel sold 84,698 shares of Datadog stock. The shares were sold at an average price of $232.30, for a total value of $19,675,345.40.

Datadog Price Performance

Shares of NASDAQ:DDOG traded down $3.55 during midday trading on Thursday, hitting $221.72. 2,497,985 shares of the stock were exchanged, compared to its average volume of 5,478,526. The stock has a market cap of $79.62 billion, a P/E ratio of 452.50, a PEG ratio of 20.58 and a beta of 1.49. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $292.72. The company has a 50 day moving average price of $247.14 and a 200-day moving average price of $195.75.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. On average, research analysts forecast that Datadog, Inc. will post 0.7 earnings per share for the current year.

Institutional Trading of Datadog

Several hedge funds and other institutional investors have recently bought and sold shares of DDOG. EMC Capital Management acquired a new position in Datadog in the 2nd quarter valued at $28,000. Cornerstone Financial Management LLC grew its position in shares of Datadog by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after purchasing an additional 45 shares during the period. Elevation Wealth Partners LLC grew its position in shares of Datadog by 2,700.0% in the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares during the period. JPL Wealth Management LLC acquired a new position in Datadog in the third quarter valued at $27,000. Finally, Continuum Advisory LLC acquired a new position in Datadog in the second quarter valued at $53,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DDOG. Rosenblatt Securities increased their price target on shares of Datadog from $220.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. DA Davidson restated a “buy” rating and set a $315.00 price objective on shares of Datadog in a research report on Friday, August 7th. TD Cowen upped their target price on Datadog from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Citizens Jmp increased their target price on Datadog from $225.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, July 20th. Finally, Daiwa Securities Group upped their price objective on Datadog from $190.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $276.32.

About Datadog

Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.