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

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 transaction of $8,968,998.72. Following the sale, the chief technology officer owned 438,072 shares in the company, valued at approximately $78,642,685.44. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 shares were 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 stock was 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 shares were sold at an average price of $228.63, for a total transaction of $9,882,303.12.

Datadog Price Performance

NASDAQ DDOG opened at $184.16 on Friday. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $300.68. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.51 and a quick ratio of 3.51. The firm has a market capitalization of $66.49 billion, a PE ratio of 222.24, a P/E/G ratio of 11.10 and a beta of 1.50. The company’s 50 day simple moving average is $243.53 and its 200 day simple moving average is $201.27.

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

Institutional Trading of Datadog

Hedge funds have recently modified their holdings of the business. EMC Capital Management purchased a new position in shares of Datadog during the 2nd quarter valued at $28,000. Cornerstone Financial Management LLC raised its holdings in shares of Datadog by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock worth $33,000 after acquiring an additional 45 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in Datadog by 341.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock valued at $38,000 after purchasing an additional 246 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in Datadog by 2,700.0% during the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares during the last quarter. Finally, Armstrong Advisory Group Inc. acquired a new stake in Datadog during the third quarter valued at $46,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DDOG. Jefferies Financial Group restated a “hold” rating and set a $230.00 price objective on shares of Datadog in a research report on Wednesday, November 4th. BTIG Research dropped their target price on shares of Datadog from $289.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. Canaccord Genuity Group increased their target price on shares of Datadog from $250.00 to $295.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Sanford C. Bernstein cut their target price on shares of Datadog from $350.00 to $273.00 and set an “outperform” rating for the company in a research note on Thursday, November 5th. Finally, Robert W. Baird set a $300.00 target price on shares of Datadog in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Datadog has an average rating of “Moderate Buy” and an average price target of $278.43.

Datadog Company Profile

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.