Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CEO Olivier Pomel sold 68,922 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $110.54, for a total transaction of $7,618,637.88. Following the sale, the chief executive officer directly owned 704,821 shares in the company, valued at $77,910,913.34. This trade represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Olivier Pomel also recently made the following trade(s):
- On Wednesday, December 17th, Olivier Pomel sold 11,195 shares of Datadog stock. The stock was sold at an average price of $137.93, for a total transaction of $1,544,126.35.
Datadog Trading Up 2.8%
Shares of NASDAQ DDOG opened at $125.75 on Friday. The firm’s 50 day moving average price is $124.08 and its 200-day moving average price is $141.71. The company has a market cap of $44.34 billion, a PE ratio of 405.65, a P/E/G ratio of 33.63 and a beta of 1.31. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $201.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.38 and a current ratio of 3.38.
Institutional Trading of Datadog
Large investors have recently modified their holdings of the company. Rothschild Investment LLC lifted its holdings in Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Physician Wealth Advisors Inc. boosted its position in Datadog by 315.2% in the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after purchasing an additional 145 shares during the last quarter. Westside Investment Management Inc. grew its stake in shares of Datadog by 74.3% during the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after purchasing an additional 75 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Datadog during the 3rd quarter valued at about $27,000. Finally, Tripletail Wealth Management LLC purchased a new stake in shares of Datadog during the 3rd quarter valued at about $28,000. Institutional investors own 78.29% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on DDOG. Scotiabank decreased their price target on Datadog from $180.00 to $160.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 11th. BTIG Research dropped their price objective on Datadog from $221.00 to $170.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce upgraded Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price objective for the company in a report on Friday, November 7th. Citizens Jmp reissued a “market perform” rating on shares of Datadog in a research report on Wednesday, February 11th. Finally, TD Cowen restated a “buy” rating on shares of Datadog in a research note on Wednesday, January 21st. Thirty-six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $179.62.
Check Out Our Latest 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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