Alexis Le-Quoc Sells 13,765 Shares of Datadog (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 13,765 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total transaction of $2,183,129.00. Following the transaction, the chief technology officer directly owned 338,672 shares of the company’s stock, valued at $53,713,379.20. The trade was a 3.91% 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, November 24th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The stock was sold at an average price of $158.49, for a total transaction of $6,850,571.76.
• On Tuesday, November 11th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The shares were sold at an average price of $197.99, for a total value of $10,674,036.88.
• On Wednesday, October 1st, Alexis Le-Quoc sold 41,468 shares of Datadog stock. The stock was sold at an average price of $150.94, for a total value of $6,259,179.92.

Datadog Price Performance

Shares of NASDAQ:DDOG traded down $2.83 during mid-day trading on Thursday, reaching $153.00. The stock had a trading volume of 3,657,455 shares, compared to its average volume of 5,479,387. The business’s 50 day moving average price is $162.18 and its 200 day moving average price is $142.90. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The company has a market cap of $53.65 billion, a P/E ratio of 493.55, a price-to-earnings-growth ratio of 35.52 and a beta of 1.23. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter last year, the business posted $0.46 EPS. The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Research analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on DDOG shares. JPMorgan Chase & Co. lifted their price target on Datadog from $140.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Barclays lifted their target price on Datadog from $170.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Royal Bank Of Canada increased their price target on Datadog from $182.00 to $216.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Oppenheimer lifted their price objective on shares of Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, CIBC upgraded shares of Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price objective on the stock in a research report on Friday, November 7th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and a consensus price target of $207.38.

Institutional Trading of Datadog

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Datadog by 30.3% in the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock worth $5,966,877,000 after buying an additional 9,748,738 shares during the period. State Street Corp boosted its position in Datadog by 106.8% in the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after buying an additional 7,091,075 shares during the period. Goldman Sachs Group Inc. boosted its position in Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock valued at $858,994,000 after buying an additional 6,250,942 shares during the period. Norges Bank bought a new position in Datadog in the 2nd quarter worth about $347,728,000. Finally, Invesco Ltd. increased its position in shares of Datadog by 119.2% during the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock worth $580,383,000 after acquiring an additional 2,216,402 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.