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Olivier Pomel, CEO of Datadog, Inc. (NASDAQ:DDOG), a company currently valued at $50.12 billion with a "GREAT" financial health score according to InvestingPro, recently executed a series of stock transactions, according to a Form 4 filing with the Securities and Exchange Commission. On February 10, Pomel sold a total of 118,560 shares of Class A Common Stock, generating approximately $17.4 million. The shares were sold at prices ranging from $144.61 to $147.23, near the current trading price of $148.09. The stock has shown impressive momentum with a 30% gain over the past six months.
In addition to the sales, Pomel converted and acquired shares of Class A Common Stock through a series of transactions. These conversions involved a total of 118,560 shares, with a total value of approximately $46,019, at prices ranging from $0.00 to $0.9092.
Following these transactions, Pomel holds 379,693 shares of Class A Common Stock directly. These transactions were executed as part of a 10b5-1 trading plan dated September 13, 2024.
In other recent news, Datadog has been the subject of multiple analyst evaluations. DA Davidson raised the price target for Datadog to $165, citing healthy usage and stable demand trends for the company’s services, and expressed confidence in the firm’s potential to capitalize on current market opportunities. This was further supported by Datadog’s recent strategic acquisition of Quickwit.
UBS also maintained a Buy rating on Datadog, reiterating a price target of $175. The firm anticipates a solid, although not exceptional, earnings beat for the last quarter of 2024. On the other hand, Stifel downgraded Datadog from "Buy" to "Hold," setting a new price target of $140 due to concerns about the company’s revenue growth and margins.
However, TD Cowen analysts maintained a positive outlook, reiterating their Buy rating and setting a price target of $165. They forecast a fiscal year 2025 guide of 19-20% growth for Datadog, which is anticipated to exceed market expectations. These are recent developments that have shaped the conversation around Datadog.
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