Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel Sells 107,365 Shares

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 107,365 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $87.33, for a total value of $9,376,185.45. Following the completion of the sale, the chief executive officer now directly owns 563,598 shares of the company’s stock, valued at $49,219,013.34. The trade was a 16.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, March 7th, Olivier Pomel sold 107,365 shares of Datadog stock. The shares were sold at an average price of $109.56, for a total value of $11,762,909.40.
• On Monday, January 27th, Olivier Pomel sold 11,195 shares of Datadog stock. The shares were sold at an average price of $139.86, for a total transaction of $1,565,732.70.

Datadog Price Performance

Datadog stock traded up $10.44 during midday trading on Wednesday, reaching $97.44. The company’s stock had a trading volume of 7,975,049 shares, compared to its average volume of 4,297,266. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The stock has a market capitalization of $33.40 billion, a P/E ratio of 191.06, a PEG ratio of 44.03 and a beta of 1.20. The stock’s 50-day simple moving average is $115.97 and its 200-day simple moving average is $129.76.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Datadog

Several hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in shares of Datadog in the fourth quarter valued at about $14,884,000. ARK Investment Management LLC increased its holdings in Datadog by 62.7% in the 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock worth $18,188,000 after buying an additional 49,050 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in Datadog by 140.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company’s stock valued at $7,590,000 after acquiring an additional 30,998 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of Datadog by 15.8% in the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock valued at $1,558,234,000 after acquiring an additional 1,484,562 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Datadog by 3.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 72,489 shares of the company’s stock worth $10,358,000 after acquiring an additional 2,451 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DDOG has been the subject of a number of recent analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Citigroup dropped their target price on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Stifel Nicolaus downgraded Datadog from a “buy” rating to a “hold” rating and reduced their price target for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Wolfe Research cut Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $135.00 target price (down from $150.00) on shares of Datadog in a research report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $156.67.

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.