Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CEO Olivier Pomel sold 85,637 shares of Datadog stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $125.41, for a total value of $10,739,736.17. Following the completion of the transaction, the chief executive officer now directly owns 337,247 shares in the company, valued at $42,294,146.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Olivier Pomel also recently made the following trade(s):
- On Tuesday, April 23rd, Olivier Pomel sold 23,924 shares of Datadog stock. The stock was sold at an average price of $130.05, for a total transaction of $3,111,316.20.
- On Monday, March 4th, Olivier Pomel sold 42,080 shares of Datadog stock. The shares were 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 stock was sold at an average price of $130.06, for a total transaction of $2,500,533.56.
Datadog Stock Up 4.3 %
Shares of NASDAQ DDOG opened at $117.28 on Thursday. Datadog, Inc. has a 12 month low of $77.81 and a 12 month high of $138.61. The firm has a market capitalization of $38.92 billion, a price-to-earnings ratio of 977.33 and a beta of 1.14. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average of $124.57 and a 200-day moving average of $119.16.
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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 for the quarter, beating the consensus estimate of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm had revenue of $589.65 million for the quarter, compared to analysts' expectations of $568.73 million. During the same quarter last year, the company posted ($0.08) EPS. The business's quarterly revenue was up 25.6% on a year-over-year basis. Sell-side analysts expect that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.
Analysts Set New Price Targets
DDOG has been the subject of a number of research analyst reports. Barclays decreased their target price on Datadog from $152.00 to $145.00 and set an "overweight" rating for the company in a research report on Wednesday. Canaccord Genuity Group reiterated a "buy" rating and issued a $150.00 target price on shares of Datadog in a report on Friday, February 23rd. Royal Bank of Canada boosted their price target on shares of Datadog from $145.00 to $151.00 and gave the company an "outperform" rating in a research note on Wednesday, February 14th. William Blair reaffirmed an "outperform" rating on shares of Datadog in a research note on Friday, February 16th. Finally, Wolfe Research boosted their price objective on Datadog from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.58.
Get Our Latest Research Report on DDOG
Hedge Funds Weigh In On Datadog
A number of large investors have recently modified their holdings of DDOG. Anchor Investment Management LLC bought a new position in Datadog during the 4th quarter worth approximately $25,000. Riverview Trust Co bought a new stake in Datadog during the 1st quarter valued at $26,000. Raleigh Capital Management Inc. purchased a new stake in Datadog during the 4th quarter valued at $29,000. BluePath Capital Management LLC bought a new stake in Datadog in the 3rd quarter worth $31,000. Finally, Private Trust Co. NA raised its stake in shares of Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company's stock valued at $31,000 after acquiring an additional 223 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.
About Datadog
(
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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