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

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $130.75, for a total transaction of $16,618,978.75. Following the completion of the transaction, the chief technology officer now directly owns 279,025 shares in the company, valued at approximately $36,482,518.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, June 7th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $109.79, for a total transaction of $13,954,857.95.
• On Wednesday, May 15th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $118.52, for a total transaction of $15,064,484.60.
• On Tuesday, April 9th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $125.53, for a total transaction of $15,955,490.65.

Datadog Trading Down 0.2 %

Shares of NASDAQ:DDOG opened at $131.50 on Thursday. The company’s 50-day moving average price is $120.09 and its two-hundred day moving average price is $123.34. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43. The stock has a market capitalization of $43.99 billion, a PE ratio of 410.94, a price-to-earnings-growth ratio of 43.38 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last released its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.20. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The business had revenue of $611.25 million for the quarter, compared to analyst estimates of $589.97 million. On average, equities analysts forecast that Datadog, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Datadog

Institutional investors and hedge funds have recently made changes to their positions in the stock. Riverview Trust Co acquired a new position in Datadog during the first quarter worth $26,000. Anchor Investment Management LLC bought a new position in shares of Datadog in the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. bought a new position in shares of Datadog in the 4th quarter valued at about $29,000. Private Trust Co. NA increased its stake in shares of Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in shares of Datadog in the 4th quarter valued at about $33,000. Institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DDOG shares. Monness Crespi & Hardt reaffirmed a “sell” rating and set a $98.00 price objective (down from $290.00) on shares of Datadog in a research note on Friday, June 14th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 price target on shares of Datadog in a research report on Wednesday, April 17th. JMP Securities upgraded shares of Datadog to a “hold” rating in a report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $165.00 target price on shares of Datadog in a research note on Thursday, June 27th. Finally, Robert W. Baird raised shares of Datadog from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $130.00 to $140.00 in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.04.

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.