Datadog (NASDAQ:DDOG) CTO Alexis Le-Quoc Sells 43,224 Shares of Company Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 43,224 shares of Datadog stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $252.17, for a total transaction of $10,899,796.08. Following the completion of the sale, the chief technology officer directly owned 488,033 shares in the company, valued at approximately $123,067,281.61. The trade was a 8.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 2nd, Alexis Le-Quoc sold 21,772 shares of Datadog stock. The shares were sold at an average price of $212.90, for a total value of $4,635,258.80.
• On Tuesday, September 1st, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The stock was sold at an average price of $227.02, for a total transaction of $12,239,102.24.
• On Monday, August 24th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The stock was sold at an average price of $228.63, for a total transaction of $9,882,303.12.
• On Monday, August 10th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The stock was sold at an average price of $253.36, for a total transaction of $13,659,144.32.
• On Monday, July 20th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The shares were sold at an average price of $265.23, for a total transaction of $11,464,301.52.
• On Wednesday, July 8th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The shares were sold at an average price of $257.24, for a total transaction of $13,868,322.88.

Datadog Trading Up 4.4%

Shares of Datadog stock traded up $11.21 during trading hours on Friday, reaching $268.13. 5,307,960 shares of the company’s stock were exchanged, compared to its average volume of 5,352,028. The company has a fifty day moving average of $241.60 and a 200-day moving average of $205.26. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $292.72. The firm has a market capitalization of $96.28 billion, a price-to-earnings ratio of 547.22, a price-to-earnings-growth ratio of 24.15 and a beta of 1.49.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Sell-side analysts forecast that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Datadog

Several large investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Datadog by 8.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock valued at $20,762,000 after purchasing an additional 11,348 shares in the last quarter. Norges Bank bought a new stake in shares of Datadog during the fourth quarter worth $469,461,000. MUFG Securities EMEA plc lifted its stake in shares of Datadog by 115.6% in the 4th quarter. MUFG Securities EMEA plc now owns 13,342 shares of the company’s stock valued at $1,814,000 after acquiring an additional 7,154 shares during the last quarter. BNP Paribas grew its holdings in shares of Datadog by 18.4% during the fourth quarter. BNP Paribas now owns 41,280 shares of the company’s stock worth $5,614,000 after purchasing an additional 6,403 shares during the last quarter. Finally, Allstate Corp increased its position in Datadog by 118.1% in the 4th quarter. Allstate Corp now owns 23,367 shares of the company’s stock valued at $3,178,000 after acquiring an additional 12,652 shares during the period. 78.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Cantor Fitzgerald boosted their price target on Datadog from $226.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. TD Cowen upped their target price on shares of Datadog from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Rosenblatt Securities lifted their price objective on shares of Datadog from $220.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Wells Fargo & Company boosted their price objective on shares of Datadog from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Finally, DA Davidson reissued a “buy” rating and issued a $315.00 price target on shares of Datadog in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $276.66.

About Datadog

Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.