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

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

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 transaction 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

Datadog stock opened at $101.80 on Friday. The stock has a market cap of $34.89 billion, a price-to-earnings ratio of 199.61, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The firm has a 50-day moving average of $130.81 and a two-hundred day moving average of $131.22. Datadog, Inc. has a 1 year low of $98.30 and a 1 year high of $170.08.

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 analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on DDOG shares. DA Davidson increased their price target on Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Barclays cut their target price on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and decreased their price target for the company from $165.00 to $140.00 in a research note on Wednesday, January 29th. Wolfe Research lowered shares of Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Finally, Guggenheim restated a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.70.

Hedge Funds Weigh In On Datadog

A number of hedge funds and other institutional investors have recently made changes to their positions in DDOG. Atria Investments Inc raised its holdings in shares of Datadog by 9.5% in the third quarter. Atria Investments Inc now owns 4,802 shares of the company’s stock valued at $553,000 after acquiring an additional 416 shares in the last quarter. Sigma Planning Corp increased its position in Datadog by 8.9% during the 3rd quarter. Sigma Planning Corp now owns 5,645 shares of the company’s stock valued at $649,000 after purchasing an additional 460 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Datadog in the 3rd quarter valued at about $54,000. Nations Financial Group Inc. IA ADV lifted its position in shares of Datadog by 3.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 4,641 shares of the company’s stock worth $534,000 after purchasing an additional 139 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Datadog by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 886,221 shares of the company’s stock valued at $101,969,000 after purchasing an additional 7,339 shares in the last quarter. 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.