Insider Selling: Datadog (NASDAQ:DDOG) CTO Sells 32,418 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 32,418 shares of the firm’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $137.85, for a total value of $4,468,821.30. Following the completion of the sale, the chief technology officer directly owned 301,458 shares in the company, valued at approximately $41,555,985.30. The trade was a 9.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, December 8th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The shares were sold at an average price of $154.05, for a total transaction of $8,305,143.60.
• On Tuesday, December 2nd, Alexis Le-Quoc sold 13,765 shares of Datadog stock. The shares were sold at an average price of $158.60, for a total value of $2,183,129.00.
• On Monday, November 24th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The stock was sold at an average price of $158.49, for a total value of $6,850,571.76.
• On Tuesday, November 11th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The shares were sold at an average price of $197.99, for a total value of $10,674,036.88.

Datadog Trading Down 1.1%

DDOG traded down $1.49 on Wednesday, reaching $135.99. 1,528,508 shares of the company’s stock were exchanged, compared to its average volume of 3,234,967. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $201.69. The company’s 50 day moving average is $158.35 and its 200-day moving average is $146.49. The company has a market cap of $47.69 billion, a price-to-earnings ratio of 438.68, a PEG ratio of 30.03 and a beta of 1.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on DDOG. Barclays lifted their target price on Datadog from $170.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Morgan Stanley upped their price objective on shares of Datadog from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. The Goldman Sachs Group lifted their target price on shares of Datadog from $165.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. TD Cowen boosted their price target on shares of Datadog from $180.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Stifel Nicolaus set a $205.00 price target on shares of Datadog in a research report on Thursday, November 6th. Thirty-two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $207.78.

Institutional Investors Weigh In On Datadog

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Datadog by 30.3% in the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after buying an additional 9,748,738 shares in the last quarter. State Street Corp boosted its stake in shares of Datadog by 106.8% in the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after purchasing an additional 7,091,075 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Datadog by 23.3% in the 2nd quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock worth $803,793,000 after purchasing an additional 1,130,675 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Datadog by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 5,827,784 shares of the company’s stock worth $780,727,000 after purchasing an additional 242,273 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Datadog by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,289,570 shares of the company’s stock valued at $610,835,000 after purchasing an additional 40,276 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

About Datadog

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.