Insider Selling: Datadog (NASDAQ:DDOG) CEO Sells $1,544,126.35 in Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 11,195 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $137.93, for a total value of $1,544,126.35. Following the sale, the chief executive officer directly owned 518,133 shares in the company, valued at approximately $71,466,084.69. The trade was a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, December 3rd, Olivier Pomel sold 32,923 shares of Datadog stock. The shares were sold at an average price of $154.63, for a total value of $5,090,883.49.
• On Tuesday, December 2nd, Olivier Pomel sold 15,225 shares of Datadog stock. The stock was sold at an average price of $158.60, for a total value of $2,414,685.00.
• On Monday, November 17th, Olivier Pomel sold 100,754 shares of Datadog stock. The shares were sold at an average price of $181.18, for a total value of $18,254,609.72.
• On Monday, November 17th, Olivier Pomel sold 100,754 shares of Datadog stock. The shares were sold at an average price of $181.18, for a total value of $18,254,609.72.
• On Monday, November 3rd, Olivier Pomel sold 62,682 shares of Datadog stock. The stock was sold at an average price of $163.90, for a total value of $10,273,579.80.
• On Wednesday, October 22nd, Olivier Pomel sold 11,195 shares of Datadog stock. The stock was sold at an average price of $154.35, for a total transaction of $1,727,948.25.
• On Tuesday, October 7th, Olivier Pomel sold 32,923 shares of Datadog stock. The shares were sold at an average price of $154.43, for a total transaction of $5,084,298.89.
• On Thursday, October 9th, Olivier Pomel sold 63,939 shares of Datadog stock. The shares were sold at an average price of $165.02, for a total transaction of $10,551,213.78.
• On Wednesday, October 8th, Olivier Pomel sold 25,620 shares of Datadog stock. The stock was sold at an average price of $165.01, for a total transaction of $4,227,556.20.

Datadog Stock Up 0.2%

DDOG stock opened at $138.32 on Monday. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69. The firm has a market cap of $48.50 billion, a PE ratio of 446.19, a P/E/G ratio of 30.21 and a beta of 1.23. The firm has a 50 day simple moving average of $159.10 and a 200 day simple moving average of $146.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The firm’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Rosenblatt Securities lifted their price target on Datadog from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. KeyCorp upgraded shares of Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 target price for the company in a report on Friday, November 7th. BTIG Research lifted their target price on shares of Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. BNP Paribas Exane boosted their price target on shares of Datadog from $160.00 to $210.00 in a report on Friday, November 7th. Finally, Wall Street Zen upgraded shares of Datadog from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Thirty-one analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $207.78.

Institutional Trading of Datadog

Several institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC acquired a new position in Datadog in the 4th quarter valued at approximately $209,000. Bison Wealth LLC purchased a new position in shares of Datadog during the 4th quarter valued at $228,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Datadog by 5.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 18,337 shares of the company’s stock worth $1,819,000 after acquiring an additional 940 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Datadog by 1.4% during the first quarter. MetLife Investment Management LLC now owns 18,691 shares of the company’s stock worth $1,854,000 after acquiring an additional 264 shares in the last quarter. Finally, Comerica Bank boosted its position in Datadog by 66.2% during the first quarter. Comerica Bank now owns 68,914 shares of the company’s stock valued at $6,837,000 after purchasing an additional 27,446 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.