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 on Monday, July 1st. The stock was sold at an average price of $130.75, for a total transaction of $16,618,978.75. Following the completion of the sale, the chief technology officer now owns 279,025 shares in the company, valued at approximately $36,482,518.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, June 7th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The stock was sold at an average price of $109.79, for a total transaction of $13,954,857.95.
• On Wednesday, May 15th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The stock was sold at an average price of $118.52, for a total transaction of $15,064,484.60.
• On Tuesday, April 9th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The stock was sold at an average price of $125.53, for a total transaction of $15,955,490.65.

Datadog Stock Performance

Shares of Datadog stock opened at $131.50 on Friday. The company has a market capitalization of $43.99 billion, a PE ratio of 410.94, a P/E/G ratio of 43.38 and a beta of 1.11. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. The company has a 50-day simple moving average of $120.18 and a two-hundred day simple moving average of $123.40. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. The business had revenue of $611.25 million during the quarter, compared to the consensus estimate of $589.97 million. Datadog had a net margin of 5.11% and a return on equity of 7.48%. Research analysts expect that Datadog, Inc. will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Datadog

A number of large investors have recently added to or reduced their stakes in DDOG. O Shaughnessy Asset Management LLC bought a new position in Datadog in the third quarter worth about $405,000. Quadrature Capital Ltd acquired a new position in shares of Datadog during the third quarter valued at about $738,000. Axxcess Wealth Management LLC acquired a new position in shares of Datadog during the third quarter valued at about $378,000. Lido Advisors LLC increased its holdings in shares of Datadog by 143.9% during the third quarter. Lido Advisors LLC now owns 7,452 shares of the company’s stock valued at $679,000 after acquiring an additional 4,397 shares in the last quarter. Finally, KADENSA CAPITAL Ltd increased its holdings in shares of Datadog by 1,009.8% during the third quarter. KADENSA CAPITAL Ltd now owns 225,614 shares of the company’s stock valued at $20,551,000 after acquiring an additional 205,285 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $146.00 price objective on shares of Datadog in a research note on Monday, May 6th. JMP Securities raised shares of Datadog to a “hold” rating in a research note on Wednesday, May 8th. BMO Capital Markets dropped their price objective on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $165.00 price objective on shares of Datadog in a research note on Thursday, June 27th. Finally, Baird R W raised shares of Datadog from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average price target of $136.04.

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.