Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CTO Alexis Le-Quoc sold 32,418 shares of Datadog stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $127.75, for a total value of $4,141,399.50. Following the completion of the transaction, the chief technology officer owned 437,257 shares of the company’s stock, valued at approximately $55,859,581.75. This represents a 6.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Alexis Le-Quoc also recently made the following trade(s):
- On Tuesday, March 10th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The stock was sold at an average price of $125.49, for a total value of $6,765,416.88.
- On Monday, March 2nd, Alexis Le-Quoc sold 53,541 shares of Datadog stock. The stock was sold at an average price of $110.54, for a total value of $5,918,422.14.
- On Wednesday, February 11th, Alexis Le-Quoc sold 43,106 shares of Datadog stock. The shares were sold at an average price of $126.79, for a total value of $5,465,409.74.
- On Wednesday, January 28th, Alexis Le-Quoc sold 32,418 shares of Datadog stock. The shares were sold at an average price of $140.99, for a total value of $4,570,613.82.
- On Monday, January 5th, Alexis Le-Quoc sold 43,106 shares of Datadog stock. The stock was sold at an average price of $133.93, for a total value of $5,773,186.58.
- On Monday, December 29th, Alexis Le-Quoc sold 32,418 shares of Datadog stock. The shares were sold at an average price of $137.85, for a total value of $4,468,821.30.
Datadog Price Performance
Datadog stock traded up $0.72 during trading on Wednesday, reaching $123.29. The company had a trading volume of 3,546,928 shares, compared to its average volume of 5,973,350. The firm’s 50-day simple moving average is $122.53 and its 200 day simple moving average is $141.39. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69. The firm has a market capitalization of $43.47 billion, a PE ratio of 397.71, a price-to-earnings-growth ratio of 35.52 and a beta of 1.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.38 and a current ratio of 3.38.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC boosted its position in shares of Datadog by 126.6% during the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Physician Wealth Advisors Inc. raised its stake in shares of Datadog by 315.2% in the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $27,000 after acquiring an additional 145 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Datadog by 74.3% in the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. JPL Wealth Management LLC purchased a new position in Datadog in the third quarter valued at $27,000. Finally, Tripletail Wealth Management LLC acquired a new position in Datadog during the 3rd quarter worth $28,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.
Analyst Upgrades and Downgrades
DDOG has been the topic of a number of research reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Datadog in a research note on Wednesday, January 21st. DA Davidson reissued a “buy” rating and set a $225.00 target price on shares of Datadog in a report on Tuesday, February 17th. UBS Group set a $195.00 target price on Datadog in a research report on Monday, February 9th. Royal Bank Of Canada lowered their price target on Datadog from $175.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 9th. Finally, Evercore dropped their price target on Datadog from $215.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. Thirty-six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $179.62.
Check Out Our Latest Analysis on DDOG
About Datadog
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
Featured Articles
Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter.
