Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CEO Olivier Pomel sold 127,141 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $199.84, for a total transaction of $25,407,857.44. Following the completion of the transaction, the chief executive officer directly owned 835,679 shares of the company’s stock, valued at approximately $167,002,091.36. The trade was a 13.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Olivier Pomel also recently made the following trade(s):
- On Thursday, April 9th, Olivier Pomel sold 42,443 shares of Datadog stock. The stock was sold at an average price of $111.14, for a total transaction of $4,717,115.02.
- On Monday, March 16th, Olivier Pomel sold 42,443 shares of Datadog stock. The stock was sold at an average price of $126.80, for a total transaction of $5,381,772.40.
- On Monday, March 2nd, Olivier Pomel sold 68,922 shares of Datadog stock. The stock was sold at an average price of $110.54, for a total transaction of $7,618,637.88.
Datadog Price Performance
DDOG stock opened at $207.98 on Friday. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $211.28. The company has a market cap of $74.03 billion, a P/E ratio of 547.33, a PEG ratio of 70.17 and a beta of 1.30. The firm has a 50-day moving average of $135.18 and a 200 day moving average of $139.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on DDOG. DA Davidson reiterated a “buy” rating and set a $225.00 price target on shares of Datadog in a report on Monday, May 4th. Bank of America cut their price target on shares of Datadog from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Citizens Jmp upgraded shares of Datadog from a “market perform” rating to an “outperform” rating and set a $225.00 price target on the stock in a report on Thursday, May 7th. Canaccord Genuity Group set a $225.00 price target on shares of Datadog in a report on Friday, May 8th. Finally, Rosenblatt Securities increased their price target on shares of Datadog from $178.00 to $220.00 and gave the company a “buy” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $213.38.
View Our Latest Report on Datadog
Institutional Investors Weigh In On Datadog
Several institutional investors and hedge funds have recently added to or reduced their stakes in DDOG. 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 worth $25,000 after purchasing an additional 100 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of Datadog by 315.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 145 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of Datadog by 74.3% during the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after acquiring an additional 75 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of Datadog during the 3rd quarter worth $27,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of Datadog during the 3rd quarter worth $28,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.
About Datadog
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
Further Reading
- Five stocks we like better than Datadog
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter.
