Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CEO Olivier Pomel sold 23,924 shares of Datadog stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $130.05, for a total value of $3,111,316.20. Following the completion of the sale, the chief executive officer now owns 337,247 shares in the company, valued at $43,858,972.35. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Olivier Pomel also recently made the following trade(s):
- On Monday, March 4th, Olivier Pomel sold 42,080 shares of Datadog stock. The stock was sold at an average price of $128.58, for a total value of $5,410,646.40.
- On Monday, February 26th, Olivier Pomel sold 19,226 shares of Datadog stock. The shares were sold at an average price of $130.06, for a total transaction of $2,500,533.56.
- On Tuesday, February 6th, Olivier Pomel sold 133,315 shares of Datadog stock. The stock was sold at an average price of $129.82, for a total transaction of $17,306,953.30.
Datadog Trading Down 1.4 %
NASDAQ:DDOG opened at $125.25 on Friday. The company has a 50 day simple moving average of $125.21 and a two-hundred day simple moving average of $116.73. The company has a market cap of $41.57 billion, a PE ratio of 1,043.75 and a beta of 1.15. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog, Inc. has a 12 month low of $63.00 and a 12 month high of $138.61.
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Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm's revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) earnings per share. Research analysts forecast that Datadog, Inc. will post -0.14 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages have commented on DDOG. Mizuho raised their price objective on shares of Datadog from $108.00 to $130.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. Citigroup raised their target price on Datadog from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, January 22nd. Needham & Company LLC upped their price target on Datadog from $125.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, February 13th. Barclays raised their price objective on Datadog from $138.00 to $152.00 and gave the company an "overweight" rating in a research report on Wednesday, February 14th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $155.00 target price (up from $140.00) on shares of Datadog in a research report on Wednesday, February 14th. Five investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to MarketBeat, Datadog currently has a consensus rating of "Moderate Buy" and an average price target of $131.70.
View Our Latest Analysis on Datadog
Institutional Trading of Datadog
Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Datadog during the fourth quarter valued at approximately $384,986,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Datadog during the 3rd quarter valued at about $189,668,000. Alkeon Capital Management LLC bought a new position in shares of Datadog during the 3rd quarter valued at approximately $127,526,000. Vanguard Group Inc. boosted its stake in shares of Datadog by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company's stock worth $2,416,151,000 after purchasing an additional 1,191,742 shares during the period. Finally, 1832 Asset Management L.P. lifted its stake in shares of Datadog by 47.9% during the 4th quarter. 1832 Asset Management L.P. now owns 2,619,500 shares of the company's stock worth $317,955,000 after acquiring an additional 848,000 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.
Datadog Company Profile
(
Get Free Report)
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.
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