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 that occurred on Wednesday, May 7th. The shares were sold at an average price of $105.83, for a total value of $13,451,522.15. Following the completion of the transaction, the chief technology officer now directly owns 466,535 shares of the company’s stock, valued at $49,373,399.05. The trade was a 21.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $102.15, for a total value of $12,983,775.75.

Datadog Stock Performance

Shares of NASDAQ:DDOG opened at $107.88 on Friday. The company has a market cap of $36.98 billion, a P/E ratio of 211.53, a PEG ratio of 44.03 and a beta of 1.12. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The business’s 50-day simple moving average is $100.20 and its 200 day simple moving average is $125.81.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $761.55 million for the quarter, compared to analysts’ expectations of $741.73 million. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 earnings per share. Analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on DDOG. DA Davidson upped their price target on shares of Datadog from $115.00 to $125.00 and gave the company a “buy” rating in a report on Monday, May 5th. Canaccord Genuity Group dropped their price target on Datadog from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday. BTIG Research set a $136.00 price objective on Datadog and gave the company a “buy” rating in a research note on Tuesday. Jefferies Financial Group reissued a “buy” rating on shares of Datadog in a research note on Tuesday. Finally, Wells Fargo & Company decreased their price target on shares of Datadog from $140.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.54.

Hedge Funds Weigh In On Datadog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in shares of Datadog by 259.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock worth $858,994,000 after acquiring an additional 6,250,942 shares during the last quarter. Groupama Asset Managment increased its holdings in Datadog by 407.6% during the 4th quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock worth $943,074,000 after purchasing an additional 5,299,688 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Datadog by 17,477.2% in the 4th quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company’s stock valued at $573,923,000 after purchasing an additional 3,993,707 shares in the last quarter. Norges Bank purchased a new position in shares of Datadog during the 4th quarter valued at approximately $462,910,000. Finally, Jennison Associates LLC grew its position in shares of Datadog by 47.9% during the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after buying an additional 3,005,300 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.