Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CEO Sells $2,955,612.98 in Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 19,226 shares of Datadog stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $153.73, for a total transaction of $2,955,612.98. Following the completion of the transaction, the chief executive officer now owns 379,693 shares in the company, valued at approximately $58,370,204.89. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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.
• 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 Up 1.7 %

Shares of Datadog stock opened at $149.46 on Monday. The firm has a market cap of $50.77 billion, a PE ratio of 282.01, a P/E/G ratio of 20.27 and a beta of 1.11. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The business’s fifty day moving average is $139.29 and its two-hundred day moving average is $125.23.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Rosenblatt Securities lifted their price target on Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, November 8th. BNP Paribas started coverage on Datadog in a research report on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price objective for the company. Barclays boosted their target price on shares of Datadog from $155.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, TD Cowen reiterated a “buy” rating and issued a $165.00 price target on shares of Datadog in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.56.

Hedge Funds Weigh In On Datadog

Large investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC increased its stake in shares of Datadog by 172.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock valued at $4,469,000 after acquiring an additional 24,574 shares during the last quarter. Heritage Investors Management Corp acquired a new position in Datadog during the third quarter worth approximately $1,157,000. Atom Investors LP purchased a new position in Datadog during the third quarter worth approximately $1,112,000. Jennison Associates LLC boosted its holdings in shares of Datadog by 2.1% in the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after purchasing an additional 126,613 shares during the last quarter. Finally, Parnassus Investments LLC grew its stake in shares of Datadog by 28.4% during the 3rd quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock valued at $21,324,000 after buying an additional 40,952 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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.