Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc Sells 127,105 Shares

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total value of $12,983,775.75. Following the sale, the chief technology officer now directly owns 371,865 shares of the company’s stock, valued at approximately $37,986,009.75. The trade was a 25.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Alexis Le-Quoc also recently made the following trade(s):

• On Monday, February 3rd, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $142.78, for a total value of $18,148,051.90.
• On Wednesday, January 8th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05.

Datadog Price Performance

Shares of DDOG traded up $3.12 on Friday, reaching $101.80. 3,067,349 shares of the stock traded hands, compared to its average volume of 4,059,193. The firm has a market cap of $34.89 billion, a price-to-earnings ratio of 199.60, a P/E/G ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 12 month low of $98.30 and a 12 month high of $170.08. The stock’s 50-day moving average price is $131.67 and its 200-day moving average price is $131.22.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. As a group, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Datadog in the 4th quarter valued at approximately $13,285,000. Siemens Fonds Invest GmbH grew its position in Datadog by 2.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 5,856 shares of the company’s stock valued at $844,000 after acquiring an additional 137 shares during the period. Total Wealth Planning & Management Inc. bought a new stake in Datadog in the fourth quarter valued at $314,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Datadog during the fourth quarter worth $47,697,000. Finally, Azzad Asset Management Inc. ADV lifted its holdings in shares of Datadog by 8.5% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 20,761 shares of the company’s stock valued at $2,967,000 after acquiring an additional 1,622 shares during the period. Institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on DDOG shares. Mizuho boosted their target price on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Loop Capital raised their target price on Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a research report on Friday, February 14th. Finally, Wolfe Research lowered Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

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.