Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $253.36, for a total transaction of $13,659,144.32. Following the sale, the chief technology officer directly owned 509,805 shares in the company, valued at $129,164,194.80. This trade represents a 9.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Alexis Le-Quoc also recently made the following trade(s):
- On Monday, July 20th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The stock was 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 value of $13,868,322.88.
- On Monday, June 22nd, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The shares were sold at an average price of $220.97, for a total value of $9,551,207.28.
- On Tuesday, June 2nd, Alexis Le-Quoc sold 21,506 shares of Datadog stock. The shares were sold at an average price of $267.15, for a total value of $5,745,327.90.
- On Monday, June 1st, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The stock was sold at an average price of $271.05, for a total value of $14,612,847.60.
- On Monday, May 18th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The stock was sold at an average price of $208.04, for a total value of $8,992,320.96.
Datadog Trading Down 2.4%
NASDAQ:DDOG opened at $240.91 on Thursday. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $292.72. The firm has a market capitalization of $85.75 billion, a P/E ratio of 491.66, a P/E/G ratio of 25.81 and a beta of 1.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. The business has a 50 day simple moving average of $248.32 and a 200 day simple moving average of $180.92.
Institutional Trading of Datadog
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC acquired a new position in shares of Datadog during the fourth quarter valued at approximately $209,000. Bison Wealth LLC bought a new position in Datadog during the 4th quarter valued at $228,000. Empowered Funds LLC boosted its stake in Datadog by 7.0% during the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after purchasing an additional 672 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Datadog by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after purchasing an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of Datadog during the 2nd quarter valued at $509,000. 78.29% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have issued reports on DDOG shares. Capital One Financial boosted their target price on shares of Datadog from $217.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Rothschild & Co Redburn began coverage on Datadog in a report on Thursday, April 23rd. They set a “buy” rating and a $170.00 price target on the stock. Canadian Imperial Bank of Commerce lifted their price target on Datadog from $250.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Citigroup boosted their price objective on Datadog from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Scotiabank increased their price objective on Datadog from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $276.32.
Check Out Our Latest Analysis on Datadog
Datadog Company Profile
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.
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