Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel Sells 11,195 Shares

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 11,195 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $139.86, for a total value of $1,565,732.70. Following the sale, the chief executive officer now owns 379,693 shares in the company, valued at approximately $53,103,862.98. The trade was a 2.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, December 18th, Olivier Pomel sold 19,226 shares of Datadog stock. The stock was sold at an average price of $153.73, for a total value of $2,955,612.98.
• On Monday, December 9th, Olivier Pomel sold 178,723 shares of Datadog stock. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44.

Datadog Stock Performance

Shares of DDOG stock traded down $5.96 on Wednesday, hitting $145.93. 7,283,154 shares of the stock traded hands, compared to its average volume of 4,002,261. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The firm’s 50-day moving average price is $148.05 and its two-hundred day moving average price is $129.18. The stock has a market capitalization of $49.58 billion, a PE ratio of 275.35, a PEG ratio of 16.28 and a beta of 1.14.

Hedge Funds Weigh In On Datadog

Several institutional investors and hedge funds have recently bought and sold shares of the company. Spire Wealth Management increased its holdings in shares of Datadog by 21.4% during the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after buying an additional 80 shares during the last quarter. Avior Wealth Management LLC grew its position in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares during the period. Pathstone Holdings LLC increased its stake 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 acquiring an additional 91 shares during the last quarter. GAMMA Investing LLC raised its position in Datadog by 19.5% in the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after purchasing an additional 92 shares during the period. Finally, Parsons Capital Management Inc. RI lifted its stake in shares of Datadog by 2.0% in the 4th quarter. Parsons Capital Management Inc. RI now owns 4,943 shares of the company’s stock valued at $706,000 after purchasing an additional 96 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on DDOG shares. TD Cowen reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Datadog in a report on Tuesday, November 19th. Sanford C. Bernstein cut their price target on Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Jefferies Financial Group boosted their price objective on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 6th. DA Davidson raised their target price on Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Mizuho boosted their price target on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, five have issued 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.59.

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.