Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CEO Olivier Pomel sold 84,698 shares of Datadog stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $223.58, for a total value of $18,936,778.84. Following the completion of the sale, the chief executive officer directly owned 750,981 shares in the company, valued at $167,904,331.98. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 Monday, May 11th, Olivier Pomel sold 127,141 shares of Datadog stock. The stock was sold at an average price of $199.84, for a total value of $25,407,857.44.
- 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 value 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 value 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 value of $7,618,637.88.
Datadog Trading Up 1.5%
NASDAQ DDOG traded up $3.43 during trading hours on Thursday, hitting $225.24. 5,947,191 shares of the company were exchanged, compared to its average volume of 5,845,511. The stock has a 50-day moving average price of $149.96 and a 200 day moving average price of $142.10. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $235.00. The stock has a market cap of $80.18 billion, a PE ratio of 592.75, a price-to-earnings-growth ratio of 41.91 and a beta of 1.30.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Rothschild Investment LLC boosted its position in shares of Datadog by 126.6% during the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the period. Physician Wealth Advisors Inc. boosted its position in shares of Datadog by 315.2% during the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $27,000 after buying an additional 145 shares during the period. Westside Investment Management Inc. boosted its position in shares of Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after buying an additional 75 shares during the period. JPL Wealth Management LLC purchased a new position in shares of Datadog during the third quarter valued at approximately $27,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of Datadog during the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.
Wall Street Analysts Forecast Growth
DDOG has been the topic of several analyst reports. Bank of America boosted their price objective on Datadog from $225.00 to $260.00 in a research note on Thursday. Needham & Company LLC boosted their price objective on Datadog from $155.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Guggenheim boosted their price objective on Datadog from $175.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Mizuho boosted their price objective on Datadog from $145.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Benchmark restated a “buy” rating on shares of Datadog in a research report on Thursday, May 7th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.95.
Get Our Latest Analysis on DDOG
Key Stories Impacting Datadog
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Bank of America raised its price target on Datadog to $260 from $225, signaling more upside potential even after the stock’s strong run. MarketScreener article
- Positive Sentiment: Datadog and Carahsoft announced that Datadog for Government achieved FedRAMP High certification, which could expand adoption in the federal market and strengthen its security/observability offering. GlobeNewswire article
- Positive Sentiment: Multiple articles highlighted Datadog as a beneficiary of AI and cloud growth, while Wedbush reportedly added the stock to its AI 30 list, reinforcing the bullish long-term growth narrative. Barchart article
- Neutral Sentiment: Zacks described Datadog as a top-ranked growth stock, which supports the bullish case but does not add a specific new catalyst. Zacks article
- Neutral Sentiment: Goldman Sachs reportedly kept a Sell rating while raising its target, and a large insider sale by CEO Olivier Pomel may temper enthusiasm, though the trade was made under a pre-arranged 10b5-1 plan. Insider trade filing
Datadog Company Profile
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.
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