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

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $105.83, for a total value of $13,451,522.15. Following the transaction, the chief technology officer now owns 466,535 shares of the company’s stock, valued at approximately $49,373,399.05. This represents a 21.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, March 12th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The stock was sold at an average price of $102.15, for a total value of $12,983,775.75.

Datadog Price Performance

Shares of Datadog stock opened at $107.88 on Friday. The stock has a market capitalization of $36.98 billion, a price-to-earnings ratio of 211.53, a PEG ratio of 44.03 and a beta of 1.12. The firm’s fifty day simple moving average is $100.20 and its 200-day simple moving average is $125.81. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The business had revenue of $761.55 million during the quarter, compared to analysts’ expectations of $741.73 million. During the same period in the prior year, the company earned $0.44 earnings per share. The business’s revenue was up 24.6% compared to the same quarter last year. Analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on DDOG shares. Macquarie cut their price target on shares of Datadog from $175.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday. Wells Fargo & Company cut their target price on shares of Datadog from $140.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Jefferies Financial Group reissued a “buy” rating on shares of Datadog in a research report on Tuesday. Rosenblatt Securities cut their price objective on Datadog from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $119.00 target price on shares of Datadog in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $141.54.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Datadog by 3.5% during the first quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company’s stock worth $3,116,487,000 after purchasing an additional 1,058,803 shares during the period. Baillie Gifford & Co. raised its position in Datadog by 12.6% during the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock worth $1,217,769,000 after buying an additional 1,369,522 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Datadog by 47.9% in the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after acquiring an additional 3,005,300 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Datadog by 259.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock valued at $858,994,000 after acquiring an additional 6,250,942 shares in the last quarter. Finally, Groupama Asset Managment increased its stake in shares of Datadog by 407.6% during the fourth quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock worth $943,074,000 after acquiring an additional 5,299,688 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Company Profile

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.