Datadog, Inc. (NASDAQ:DDOG) CEO Sells $2,955,612.98 in Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CEO Olivier Pomel sold 19,226 shares of Datadog stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $153.73, for a total transaction of $2,955,612.98. Following the completion of the sale, the chief executive officer now owns 379,693 shares in the company, valued at approximately $58,370,204.89. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 value 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 value of $10,499,952.57.

Datadog Stock Up 1.7 %

DDOG stock traded up $2.53 during midday trading on Friday, hitting $149.46. The company's stock had a trading volume of 7,381,540 shares, compared to its average volume of 4,057,123. The firm has a 50-day simple moving average of $139.29 and a 200-day simple moving average of $125.12. The firm has a market capitalization of $50.77 billion, a P/E ratio of 282.01, a PEG ratio of 20.27 and a beta of 1.11. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08.

Institutional Trading of Datadog

Several hedge funds have recently modified their holdings of the stock. Pathstone Holdings LLC increased its holdings in Datadog by 0.4% during the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company's stock worth $2,664,000 after purchasing an additional 91 shares during the period. GAMMA Investing LLC increased its stake in shares of Datadog by 19.5% during the third quarter. GAMMA Investing LLC now owns 563 shares of the company's stock worth $65,000 after buying an additional 92 shares during the period. HB Wealth Management LLC increased its stake in shares of Datadog by 5.2% during the second quarter. HB Wealth Management LLC now owns 1,926 shares of the company's stock worth $250,000 after buying an additional 95 shares during the period. WR Wealth Planners LLC raised its holdings in Datadog by 31.6% in the second quarter. WR Wealth Planners LLC now owns 433 shares of the company's stock valued at $56,000 after acquiring an additional 104 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in Datadog by 3.5% in the second quarter. Parallel Advisors LLC now owns 3,076 shares of the company's stock worth $399,000 after acquiring an additional 105 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wedbush raised shares of Datadog from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 17th. UBS Group reissued an "underperform" rating on shares of Datadog in a research note on Friday, October 18th. Monness Crespi & Hardt upgraded Datadog from a "neutral" rating to a "buy" rating and set a $155.00 target price on the stock in a report on Thursday, November 7th. Mizuho increased their price target on Datadog from $155.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, BNP Paribas initiated coverage on Datadog in a research note on Tuesday, October 8th. They set an "outperform" rating and a $150.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Datadog presently has a consensus rating of "Moderate Buy" and an average price target of $155.56.

Datadog Company Profile

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.