Key Points
- Datadog CEO Olivier Pomel sold 89,497 shares at an average price of $207.86, generating approximately $18.6 million. The Rule 10b5-1 transaction reduced his direct ownership by 13.24% to 586,416 shares.
- Pomel has made several additional sales since June, including 127,141 shares sold on August 5 for approximately $36.5 million, indicating a substantial series of planned insider disposals.
- Datadog recently exceeded quarterly earnings and revenue expectations, while analysts maintained a generally positive outlook: the stock has a “Moderate Buy” consensus rating and an average price target of $276.32.
Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CEO Olivier Pomel sold 89,497 shares of the company's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $207.86, for a total transaction of $18,602,846.42. Following the completion of the sale, the chief executive officer directly owned 586,416 shares of the company's stock, valued at $121,892,429.76. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Olivier Pomel also recently made the following trade(s):
- On Wednesday, September 2nd, Olivier Pomel sold 26,331 shares of Datadog stock. The stock was sold at an average price of $212.90, for a total transaction of $5,605,869.90.
- On Wednesday, August 19th, Olivier Pomel sold 47,054 shares of Datadog stock. The stock was sold at an average price of $235.49, for a total transaction of $11,080,746.46.
- On Wednesday, August 5th, Olivier Pomel sold 127,141 shares of Datadog stock. The shares were sold at an average price of $286.71, for a total transaction of $36,452,596.11.
- On Thursday, July 23rd, Olivier Pomel sold 47,054 shares of Datadog stock. The stock was sold at an average price of $244.79, for a total transaction of $11,518,348.66.
- On Tuesday, June 16th, Olivier Pomel sold 84,698 shares of Datadog stock. The stock was sold at an average price of $232.30, for a total transaction of $19,675,345.40.
Datadog Trading Down 1.6%
Datadog stock opened at $221.72 on Friday. The firm has a market cap of $79.62 billion, a price-to-earnings ratio of 452.50, a price-to-earnings-growth ratio of 22.06 and a beta of 1.49. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $292.72. The firm's 50 day moving average price is $246.37 and its two-hundred day moving average price is $196.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20.
Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The company's quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. On average, research analysts predict that Datadog, Inc. will post 0.7 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on DDOG. The Goldman Sachs Group reaffirmed a "sell" rating and set a $158.00 target price on shares of Datadog in a report on Friday, August 7th. BMO Capital Markets set a $300.00 price target on Datadog in a research note on Friday, August 7th. Guggenheim boosted their price objective on Datadog from $225.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Mizuho upped their price objective on shares of Datadog from $220.00 to $300.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Finally, Jefferies Financial Group set a $260.00 target price on shares of Datadog in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Datadog presently has a consensus rating of "Moderate Buy" and an average target price of $276.32.
Read Our Latest Research Report on DDOG
Institutional Trading of Datadog
Hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System lifted its position in Datadog by 27,002.8% in the 2nd quarter. California State Teachers Retirement System now owns 121,189,509 shares of the company's stock worth $31,552,901,000 after buying an additional 120,742,361 shares in the last quarter. State Street Corp boosted its stake in shares of Datadog by 106.8% during the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company's stock valued at $1,955,547,000 after buying an additional 7,091,075 shares during the period. Norges Bank purchased a new position in shares of Datadog during the 4th quarter valued at $469,461,000. Invesco Ltd. raised its holdings in shares of Datadog by 119.2% during the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company's stock worth $580,383,000 after acquiring an additional 2,216,402 shares in the last quarter. Finally, Employees Provident Fund Board purchased a new stake in shares of Datadog during the fourth quarter worth $251,582,000. Institutional investors and hedge funds own 78.29% of the company's stock.
About Datadog
(
Get Free Report)
Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.
The company's products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.
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