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 business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the transaction, the chief technology officer now owns 371,865 shares of the company’s stock, valued at $37,986,009.75. This represents a 25.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, February 3rd, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $142.78, for a total transaction of $18,148,051.90.
• On Wednesday, January 8th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05.

Datadog Stock Performance

DDOG opened at $101.80 on Friday. The company has a fifty day moving average of $130.81 and a two-hundred day moving average of $131.22. The stock has a market capitalization of $34.89 billion, a price-to-earnings ratio of 199.61, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a fifty-two week low of $98.30 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of recent analyst reports. Cantor Fitzgerald began coverage on Datadog in a research report on Friday, January 17th. They set an “overweight” rating and a $180.00 price target on the stock. Rosenblatt Securities upped their target price on Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Guggenheim reissued a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Loop Capital increased their price objective on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Wells Fargo & Company lowered shares of Datadog from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $152.00 to $140.00 in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DDOG. Allworth Financial LP grew its stake in Datadog by 7.7% in the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after acquiring an additional 75 shares during the period. Spire Wealth Management lifted its holdings in Datadog by 21.4% during the fourth quarter. Spire Wealth Management now owns 453 shares of the company’s stock valued at $65,000 after purchasing an additional 80 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares during the period. Pathstone Holdings LLC increased its stake in shares of Datadog by 0.4% during the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after purchasing an additional 91 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Datadog by 5.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock worth $265,000 after purchasing an additional 92 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

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.