Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CTO Alexis Le-Quoc sold 43,224 shares of Datadog stock in a transaction on Monday, August 24th. The shares were sold at an average price of $228.63, for a total transaction of $9,882,303.12. Following the completion of the transaction, the chief technology officer directly owned 509,805 shares of the company’s stock, valued at $116,556,717.15. The trade was a 7.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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, 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 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 stock was 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.
Datadog Price Performance
DDOG stock traded up $4.68 during mid-day trading on Wednesday, reaching $227.67. 4,038,032 shares of the company’s stock were exchanged, compared to its average volume of 5,562,264. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $292.72. The stock’s 50 day moving average is $249.50 and its 200 day moving average is $187.85. The company has a market cap of $81.75 billion, a price-to-earnings ratio of 464.64, a price-to-earnings-growth ratio of 21.99 and a beta of 1.54.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on DDOG shares. Wolfe Research reaffirmed an “outperform” rating and set a $295.00 price objective on shares of Datadog in a report on Thursday, June 11th. Craig Hallum began coverage on shares of Datadog in a research note on Monday, June 15th. They set a “buy” rating for the company. Zacks Research downgraded shares of Datadog from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Benchmark reaffirmed a “buy” rating on shares of Datadog in a research note on Tuesday, July 28th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $275.00 price objective (up from $230.00) on shares of Datadog in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $276.32.
Check Out Our Latest Research Report on DDOG
Hedge Funds Weigh In On Datadog
Several hedge funds and other institutional investors have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. lifted 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 worth $20,762,000 after acquiring an additional 11,348 shares during the last quarter. Norges Bank acquired a new stake in Datadog in the 4th quarter valued at approximately $469,461,000. MUFG Securities EMEA plc increased its holdings in 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 purchasing an additional 7,154 shares during the last quarter. BNP Paribas raised its position in Datadog by 18.4% in the fourth quarter. BNP Paribas now owns 41,280 shares of the company’s stock valued at $5,614,000 after purchasing an additional 6,403 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in Datadog by 90.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 9,967 shares of the company’s stock valued at $1,355,000 after purchasing an additional 4,723 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.
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.
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