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

Datadog, Inc. (NASDAQ:DDOGGet Free Report) CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $118.52, for a total transaction of $15,064,484.60. Following the sale, the chief technology officer now owns 290,412 shares of the company’s stock, valued at $34,419,630.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, April 9th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $125.53, for a total value of $15,955,490.65.
  • On Monday, March 4th, Alexis Le-Quoc sold 37,168 shares of Datadog stock. The shares were sold at an average price of $128.58, for a total transaction of $4,779,061.44.

Datadog Price Performance

NASDAQ DDOG opened at $120.07 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The business has a 50 day simple moving average of $123.19 and a 200 day simple moving average of $120.61. The stock has a market cap of $40.16 billion, a price-to-earnings ratio of 375.22, a PEG ratio of 46.99 and a beta of 1.14.

Datadog (NASDAQ:DDOGGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The company had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. During the same period in the prior year, the firm earned ($0.08) earnings per share. Datadog’s revenue for the quarter was up 25.6% compared to the same quarter last year. Analysts anticipate that Datadog, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on DDOG shares. Citigroup boosted their price objective on shares of Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a research report on Wednesday, April 17th. Mizuho upped their target price on Datadog from $108.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Wells Fargo & Company raised Datadog from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $130.00 to $150.00 in a research report on Tuesday, April 23rd. Finally, Robert W. Baird upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $130.00 to $140.00 in a research note on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $135.58.

Read Our Latest Analysis on Datadog

Hedge Funds Weigh In On Datadog

A number of large investors have recently bought and sold shares of the company. First National Trust Co lifted its position in shares of Datadog by 3.3% in the first quarter. First National Trust Co now owns 2,447 shares of the company’s stock worth $302,000 after purchasing an additional 79 shares in the last quarter. Parsons Capital Management Inc. RI grew its holdings in shares of Datadog by 1.8% in the 1st quarter. Parsons Capital Management Inc. RI now owns 4,890 shares of the company’s stock valued at $604,000 after acquiring an additional 88 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Datadog by 1.0% in the fourth quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company’s stock valued at $1,096,000 after acquiring an additional 89 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Datadog by 17.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock worth $78,000 after acquiring an additional 97 shares in the last quarter. Finally, AM Squared Ltd boosted its position in Datadog by 25.0% during the fourth quarter. AM Squared Ltd now owns 500 shares of the company’s stock valued at $61,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Datadog (NASDAQ:DDOG)

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