Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel Sells 178,723 Shares

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 178,723 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at $61,236,887.04. This represents a 32.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction of $10,499,952.57.

Datadog Stock Performance

NASDAQ DDOG traded up $1.57 on Wednesday, reaching $156.48. The company had a trading volume of 5,927,738 shares, compared to its average volume of 4,034,428. The company’s fifty day moving average is $134.53 and its 200-day moving average is $123.21. The firm has a market capitalization of $53.16 billion, a price-to-earnings ratio of 294.62, a price-to-earnings-growth ratio of 21.85 and a beta of 1.11. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08.

Analyst Ratings Changes

A number of research firms have recently issued reports on DDOG. Citigroup lifted their target price on shares of Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Rosenblatt Securities increased their target price on Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Sanford C. Bernstein decreased their price objective on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Finally, Barclays raised their price objective on shares of Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $152.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DDOG. Baader Bank Aktiengesellschaft raised its holdings in Datadog by 1.5% during the second quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock worth $657,000 after acquiring an additional 77 shares in the last quarter. Pathstone Holdings LLC increased its holdings in Datadog by 0.4% during the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after buying an additional 91 shares during the last quarter. GAMMA Investing LLC raised its position in Datadog by 19.5% during the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after acquiring an additional 92 shares in the last quarter. HB Wealth Management LLC lifted its stake in Datadog by 5.2% in the second quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock valued at $250,000 after acquiring an additional 95 shares during the last quarter. Finally, WR Wealth Planners LLC grew its position in shares of Datadog by 31.6% in the 2nd quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock valued at $56,000 after acquiring an additional 104 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

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.