Datadog (NASDAQ:DDOG) CEO Olivier Pomel Sells 15,225 Shares

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 15,225 shares of Datadog stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total value of $2,414,685.00. Following the transaction, the chief executive officer owned 518,133 shares in the company, valued at $82,175,893.80. This trade represents a 2.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, December 3rd, Olivier Pomel sold 32,923 shares of Datadog stock. The stock was sold at an average price of $154.63, for a total value of $5,090,883.49.
• 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 transaction of $18,254,609.72.
• On Monday, November 17th, Olivier Pomel sold 100,754 shares of Datadog stock. The stock was sold at an average price of $181.18, for a total transaction 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 shares were sold at an average price of $154.35, for a total value 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 value of $5,084,298.89.
• On Thursday, October 9th, Olivier Pomel sold 63,939 shares of Datadog stock. The stock was sold at an average price of $165.02, for a total value of $10,551,213.78.
• On Wednesday, October 8th, Olivier Pomel sold 25,620 shares of Datadog stock. The shares were sold at an average price of $165.01, for a total value of $4,227,556.20.
• On Tuesday, September 23rd, Olivier Pomel sold 11,195 shares of Datadog stock. The stock was sold at an average price of $137.94, for a total value of $1,544,238.30.
• On Monday, September 8th, Olivier Pomel sold 32,923 shares of Datadog stock. The stock was sold at an average price of $135.74, for a total transaction of $4,468,968.02.

Datadog Stock Performance

Shares of DDOG opened at $152.06 on Friday. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69. The firm has a fifty day simple moving average of $162.51 and a 200 day simple moving average of $142.97. The stock has a market capitalization of $53.32 billion, a price-to-earnings ratio of 491.40, a PEG ratio of 35.37 and a beta of 1.23.

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

Analysts Set New Price Targets

DDOG has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Robert W. Baird boosted their target price on Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Raymond James Financial increased their price target on Datadog from $170.00 to $205.00 in a research note on Thursday, November 6th. Wall Street Zen raised shares of Datadog from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Wells Fargo & Company upped their price objective on shares of Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Thirty-one analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.38.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in shares of Datadog by 5.1% during the 3rd quarter. Allworth Financial LP now owns 2,249 shares of the company’s stock valued at $320,000 after buying an additional 109 shares in the last quarter. IFP Advisors Inc grew its position in Datadog by 2.6% during the third quarter. IFP Advisors Inc now owns 14,712 shares of the company’s stock valued at $2,098,000 after acquiring an additional 369 shares during the last quarter. Swiss Life Asset Management Ltd raised its stake in shares of Datadog by 10.4% during the third quarter. Swiss Life Asset Management Ltd now owns 28,126 shares of the company’s stock worth $4,005,000 after acquiring an additional 2,651 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Datadog in the 3rd quarter worth approximately $2,599,000. Finally, Watts Gwilliam & Co. LLC raised its position in Datadog by 0.6% in the 3rd quarter. Watts Gwilliam & Co. LLC now owns 17,832 shares of the company’s stock worth $2,539,000 after purchasing an additional 100 shares during the period. Institutional investors own 78.29% of the company’s stock.

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.