Olivier Pomel Sells 19,226 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 19,226 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $153.73, for a total transaction of $2,955,612.98. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $58,370,204.89. This represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, December 9th, Olivier Pomel sold 178,723 shares of Datadog stock. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44.
• On Monday, October 7th, Olivier Pomel sold 85,637 shares of Datadog stock. The stock was sold at an average price of $122.61, for a total value of $10,499,952.57.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $149.46 on Friday. The stock has a market cap of $50.77 billion, a P/E ratio of 282.01, a P/E/G ratio of 20.27 and a beta of 1.11. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The firm has a fifty day moving average price of $139.29 and a 200 day moving average price of $125.12.

Hedge Funds Weigh In On Datadog

Several institutional investors have recently added to or reduced their stakes in DDOG. SouthState Corp acquired a new stake in Datadog during the 2nd quarter worth approximately $26,000. True Wealth Design LLC lifted its holdings in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares during the period. Meeder Asset Management Inc. grew its position in Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Quarry LP acquired a new position in Datadog in the 3rd quarter valued at $33,000. Finally, Blue Trust Inc. purchased a new position in Datadog during the 2nd quarter worth $37,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DDOG shares. Barclays upped their price target on Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Truist Financial increased their target price on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. BMO Capital Markets lifted their target price on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Mizuho raised their price target on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.56.

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.