Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CEO Sells 19,226 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 19,226 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $153.73, for a total transaction of $2,955,612.98. Following the sale, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at approximately $58,370,204.89. This trade represents a 4.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 shares were sold at an average price of $122.61, for a total transaction of $10,499,952.57.

Datadog Stock Performance

NASDAQ DDOG opened at $149.46 on Monday. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The company has a 50-day simple moving average of $139.29 and a 200-day simple moving average of $125.23. The firm has a market capitalization of $50.77 billion, a PE ratio of 282.01, a price-to-earnings-growth ratio of 20.27 and a beta of 1.11.

Hedge Funds Weigh In On Datadog

A number of large investors have recently bought and sold shares of DDOG. Los Angeles Capital Management LLC raised its position 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 worth $4,469,000 after purchasing an additional 24,574 shares during the period. Heritage Investors Management Corp acquired a new stake in Datadog in the third quarter worth $1,157,000. Atom Investors LP bought a new stake in Datadog in the third quarter valued at $1,112,000. Jennison Associates LLC boosted its holdings in shares of Datadog by 2.1% during the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after acquiring an additional 126,613 shares during the period. Finally, Parnassus Investments LLC grew its position in shares of Datadog by 28.4% during the third quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock worth $21,324,000 after acquiring an additional 40,952 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DDOG. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Robert W. Baird raised their target price on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Rosenblatt Securities upped their price target on Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Sanford C. Bernstein lowered their price objective on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Finally, DA Davidson boosted their target price on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.56.

About Datadog

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.