Datadog, Inc. (NASDAQ:DDOG) CTO Sells $18,148,051.90 in Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the completion of the sale, the chief technology officer now owns 324,778 shares of the company’s stock, valued at $46,371,802.84. This trade represents a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, January 8th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $141.21, for a total value of $17,948,497.05.

Datadog Price Performance

Shares of Datadog stock opened at $144.85 on Friday. The company’s 50 day moving average price is $147.41 and its two-hundred day moving average price is $130.00. The firm has a market capitalization of $49.21 billion, a P/E ratio of 273.31, a P/E/G ratio of 16.59 and a beta of 1.15. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays boosted their target price on Datadog from $155.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Citigroup upped their price objective on shares of Datadog from $157.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 17th. Jefferies Financial Group lifted their target price on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Truist Financial cut shares of Datadog from a “buy” rating to a “hold” rating and lowered their price target for the company from $170.00 to $150.00 in a report on Tuesday, January 7th. Finally, Royal Bank of Canada boosted their price objective on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.59.

Institutional Investors Weigh In On Datadog

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new position in Datadog in the fourth quarter valued at about $30,000. Avior Wealth Management LLC increased its stake in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares during the period. True Wealth Design LLC boosted its position in Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the period. Meeder Asset Management Inc. grew its holdings in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Finally, Quarry LP acquired a new position in Datadog in the 3rd quarter valued at approximately $33,000. Institutional investors own 78.29% of the company’s stock.

About Datadog

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.