Datadog (NASDAQ:DDOG) CTO Alexis Le-Quoc Sells 49,961 Shares of Company Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 49,961 shares of Datadog stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $179.52, for a total value of $8,968,998.72. Following the completion of the transaction, the chief technology officer directly owned 438,072 shares of the company’s stock, valued at $78,642,685.44. This represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, October 28th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The stock was sold at an average price of $278.90, for a total transaction of $12,055,173.60.
• On Wednesday, October 7th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The stock was sold at an average price of $273.60, for a total transaction of $14,750,323.20.
• On Wednesday, September 23rd, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The shares were sold at an average price of $252.17, for a total transaction of $10,899,796.08.
• On Wednesday, September 2nd, Alexis Le-Quoc sold 21,772 shares of Datadog stock. The shares were sold at an average price of $212.90, for a total transaction of $4,635,258.80.
• On Tuesday, September 1st, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The stock was sold at an average price of $227.02, for a total transaction of $12,239,102.24.
• On Monday, August 24th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The stock was sold at an average price of $228.63, for a total transaction of $9,882,303.12.

Datadog Price Performance

Shares of DDOG stock opened at $184.46 on Friday. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $300.68. The firm’s 50 day moving average is $244.14 and its 200-day moving average is $201.04. The firm has a market capitalization of $66.24 billion, a price-to-earnings ratio of 222.15, a PEG ratio of 11.10 and a beta of 1.50. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 0.21.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.64 by $0.17. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Datadog had a net margin of 6.12% and a return on equity of 7.28%. Datadog’s revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. Sell-side analysts forecast that Datadog, Inc. will post 0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on DDOG shares. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Datadog in a research report on Wednesday, November 4th. Jefferies Financial Group restated a “hold” rating and set a $230.00 target price on shares of Datadog in a research report on Wednesday, November 4th. Benchmark reaffirmed a “buy” rating on shares of Datadog in a research note on Tuesday, July 28th. Barclays decreased their price target on Datadog from $300.00 to $262.00 and set an “overweight” rating on the stock in a report on Thursday, November 5th. Finally, Citigroup decreased their price target on Datadog from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Datadog has an average rating of “Moderate Buy” and a consensus target price of $278.43.

Latest Datadog News

These are some of the DDOG news items that stood out recently:

• Positive Sentiment: Datadog shares joined a broader software-stock rebound after CoreWeave’s results lifted the sector, offering a near-term market tailwind. Article: Datadog and Cloudflare Rise as CoreWeave’s Results Lift Software Stocks
• Neutral Sentiment: CTO Alexis Le-Quoc sold 49,961 shares under a pre-arranged Rule 10b5-1 trading plan. He retained 438,072 shares, making the sale less clearly a signal about his outlook for the company. SEC filing
• Neutral Sentiment: Management plans to present at upcoming investor conferences; the announcement itself provides no new financial outlook. Article: Datadog to Present at Upcoming Investor Conferences

Hedge Funds Weigh In On Datadog

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Financial Management LLC increased its position in shares of Datadog by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after buying an additional 45 shares in the last quarter. QTR Family Wealth LLC lifted its holdings in Datadog by 3.2% during the third quarter. QTR Family Wealth LLC now owns 1,499 shares of the company’s stock worth $411,000 after acquiring an additional 47 shares in the last quarter. United Asset Strategies Inc. lifted its holdings in Datadog by 1.1% during the third quarter. United Asset Strategies Inc. now owns 5,997 shares of the company’s stock worth $1,642,000 after acquiring an additional 68 shares in the last quarter. State of Wyoming increased its holdings in shares of Datadog by 4.1% in the first quarter. State of Wyoming now owns 1,946 shares of the company’s stock worth $230,000 after acquiring an additional 76 shares in the last quarter. Finally, Roberts Wealth Advisors LLC raised its position in shares of Datadog by 0.6% during the third quarter. Roberts Wealth Advisors LLC now owns 15,720 shares of the company’s stock worth $4,305,000 after purchasing an additional 91 shares during the period. 78.29% of the stock is owned by institutional investors.

About Datadog

Datadog, Inc. provides a cloud-based monitoring and security platform that helps organizations observe and manage their technology environments. Its tools collect and analyze data from applications, infrastructure, networks, and other systems to help teams detect issues and improve performance. The company’s products include infrastructure monitoring, application performance monitoring, log management, digital experience monitoring, database and network monitoring, and security tools. Datadog also offers capabilities for incident management and cloud security.