Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc Sells 85,142 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 85,142 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $96.74, for a total value of $8,236,637.08. Following the transaction, the chief technology officer now directly owns 261,111 shares of the company’s stock, valued at approximately $25,259,878.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, August 14th, Alexis Le-Quoc sold 71,364 shares of Datadog stock. The shares were sold at an average price of $89.27, for a total transaction of $6,370,664.28.
• On Friday, July 7th, Alexis Le-Quoc sold 71,364 shares of Datadog stock. The shares were sold at an average price of $98.83, for a total transaction of $7,052,904.12.

Datadog Stock Performance

Shares of Datadog stock opened at $96.68 on Friday. The business has a 50-day simple moving average of $100.78 and a 200 day simple moving average of $86.99. Datadog, Inc. has a one year low of $61.34 and a one year high of $118.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.41 and a quick ratio of 3.42. The firm has a market capitalization of $31.42 billion, a price-to-earnings ratio of -371.85, a PEG ratio of 1,669.40 and a beta of 0.98.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.28 by $0.08. Datadog had a negative return on equity of 4.66% and a negative net margin of 4.38%. The firm had revenue of $509.46 million during the quarter, compared to the consensus estimate of $501.55 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. ICICI Prudential Asset Management Co Ltd increased its position in shares of Datadog by 7.0% during the second quarter. ICICI Prudential Asset Management Co Ltd now owns 2,014 shares of the company’s stock worth $198,000 after acquiring an additional 131 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Datadog by 2.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,430 shares of the company’s stock worth $633,000 after purchasing an additional 131 shares in the last quarter. TFC Financial Management Inc. raised its stake in shares of Datadog by 1.9% in the first quarter. TFC Financial Management Inc. now owns 7,694 shares of the company’s stock worth $559,000 after purchasing an additional 145 shares during the last quarter. Norinchukin Bank The lifted its holdings in shares of Datadog by 3.9% in the first quarter. Norinchukin Bank The now owns 3,923 shares of the company’s stock valued at $285,000 after purchasing an additional 146 shares in the last quarter. Finally, NewEdge Wealth LLC boosted its position in shares of Datadog by 4.1% during the first quarter. NewEdge Wealth LLC now owns 3,822 shares of the company’s stock valued at $278,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of several research analyst reports. TheStreet upgraded shares of Datadog from a “d” rating to a “c-” rating in a report on Tuesday, May 30th. Raymond James dropped their target price on Datadog from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, August 9th. Royal Bank of Canada reduced their price target on Datadog from $118.00 to $103.00 in a report on Wednesday, August 9th. Stifel Nicolaus lowered shares of Datadog from a “buy” rating to a “hold” rating and dropped their price objective for the company from $115.00 to $90.00 in a report on Tuesday, August 8th. Finally, Wells Fargo & Company cut their target price on shares of Datadog from $130.00 to $120.00 in a research report on Wednesday, August 9th. Six research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $107.45.

Datadog Company Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.