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

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $105.83, for a total transaction of $13,451,522.15. Following the sale, the chief technology officer now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through 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 shares were 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. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The company has a market cap of $36.98 billion, a PE ratio of 211.53, a price-to-earnings-growth ratio of 44.03 and a beta of 1.12. The firm has a fifty day moving average price of $100.20 and a two-hundred day moving average price of $125.84.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. The company had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. Datadog’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. Analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of Datadog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after buying an additional 22,646 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in Datadog during the fourth quarter worth about $30,000. Cornerstone Planning Group LLC increased its holdings in Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Datadog in the first quarter valued at $30,000. Finally, Avior Wealth Management LLC raised its stake in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $134.00 target price on shares of Datadog in a report on Wednesday. Macquarie decreased their target price on Datadog from $175.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday. Wedbush dropped their target price on Datadog from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday. Needham & Company LLC cut their target price on shares of Datadog from $160.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Guggenheim reiterated a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.54.

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.