Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CEO Olivier Pomel sold 127,141 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $199.84, for a total transaction of $25,407,857.44. Following the completion of the transaction, the chief executive officer owned 835,679 shares of the company’s stock, valued at approximately $167,002,091.36. The trade was a 13.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Olivier Pomel also recently made the following trade(s):
- 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 Stock Up 2.7%
Shares of Datadog stock traded up $5.37 during midday trading on Wednesday, hitting $205.31. The company’s stock had a trading volume of 4,555,159 shares, compared to its average volume of 5,917,751. The firm has a market capitalization of $72.39 billion, a P/E ratio of 540.30, a PEG ratio of 69.99 and a beta of 1.30. The stock has a 50-day simple moving average of $129.68 and a 200-day simple moving average of $137.93. 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 1-year low of $98.01 and a 1-year high of $205.44.
Institutional Trading of Datadog
Hedge funds and other institutional investors have recently modified their holdings of the company. Westside Investment Management Inc. raised its holdings in shares of Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Rothschild Investment LLC raised its holdings in 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 in the last quarter. Physician Wealth Advisors Inc. raised its holdings in 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 in the last quarter. JPL Wealth Management LLC bought a new position in Datadog during the third quarter valued at about $27,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Datadog during the third quarter valued at about $28,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about Datadog
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Analysts turned more constructive on Datadog after its strong quarterly report. Daiwa Securities raised its price target to $240 from $190 and kept a buy rating, adding to the bullish tone around DDOG. MarketScreener
- Positive Sentiment: Investors remain focused on Datadog’s earnings beat and raised outlook: revenue rose 32.1% year over year to $1.01 billion, EPS beat expectations, and management’s guidance topped forecasts, supporting the view that AI and enterprise software demand are still strong. DDOG Q1 Deep Dive: AI Adoption and Product Expansion Drive Strong Growth
- Positive Sentiment: Coverage continues to frame Datadog as an AI beneficiary rather than a SaaS slowdown victim, which is helping sentiment and keeping momentum traders interested in the stock. Zacks
- Neutral Sentiment: Datadog also announced upcoming presentations at investor conferences, which should keep the company visible but does not materially change fundamentals on its own. Datadog to Present at Upcoming Investor Conference
- Negative Sentiment: Recent insider selling by Yanbing Li and other executives/directors may create some caution, even though some of the trades were reportedly made under pre-arranged 10b5-1 plans. Datadog (NASDAQ:DDOG) Insider Sells $3,914,239.90 in Stock
Wall Street Analysts Forecast Growth
Several analysts have recently commented on DDOG shares. Scotiabank raised their target price on Datadog from $160.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Monness Crespi & Hardt raised their target price on Datadog from $255.00 to $270.00 in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $250.00 target price on shares of Datadog in a research report on Friday, May 8th. Rothschild & Co Redburn initiated coverage on Datadog in a report on Thursday, April 23rd. They set a “buy” rating and a $170.00 price objective for the company. Finally, UBS Group increased their price objective on Datadog from $195.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $213.38.
Read Our Latest Research Report on DDOG
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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