Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel Sells 11,195 Shares

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $139.86, for a total value of $1,565,732.70. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $53,103,862.98. The trade was a 2.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $2,955,612.98.
• On Monday, December 9th, Olivier Pomel sold 178,723 shares of Datadog stock. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $145.72 on Thursday. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The business has a fifty day moving average price of $148.05 and a 200 day moving average price of $129.18. The stock has a market capitalization of $49.50 billion, a P/E ratio of 274.95, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14.

Institutional Trading of Datadog

Several hedge funds have recently modified their holdings of the company. Jennison Associates LLC increased its holdings in shares of Datadog by 47.9% during the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock valued at $1,325,826,000 after acquiring an additional 3,005,300 shares in the last quarter. Holocene Advisors LP boosted its stake in Datadog by 205.2% in the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after purchasing an additional 1,097,815 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in Datadog during the 3rd quarter worth approximately $52,561,000. Eagle Asset Management Inc. increased its stake in Datadog by 72.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock valued at $113,844,000 after purchasing an additional 384,121 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Datadog by 51.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 608,252 shares of the company’s stock worth $69,985,000 after buying an additional 206,696 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DDOG shares. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. BNP Paribas initiated coverage on Datadog in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price objective for the company. UBS Group reissued an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. TD Cowen restated a “buy” rating and set a $165.00 price target on shares of Datadog in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein dropped their price objective on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.59.

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.