Alexis Le-Quoc Sells 127,105 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CTO Alexis Le-Quoc sold 127,105 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $119.96, for a total transaction of $15,247,515.80. Following the transaction, the chief technology officer now owns 452,769 shares in the company, valued at $54,314,169.24. This represents a 21.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, June 2nd, Alexis Le-Quoc sold 13,766 shares of Datadog stock. The shares were sold at an average price of $116.84, for a total value of $1,608,419.44.
• On Wednesday, May 7th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The stock was sold at an average price of $105.83, for a total value of $13,451,522.15.
• On Wednesday, March 12th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $102.15, for a total value of $12,983,775.75.

Datadog Stock Performance

DDOG stock traded up $0.41 during mid-day trading on Friday, hitting $122.16. The company had a trading volume of 4,535,875 shares, compared to its average volume of 4,389,721. The firm has a market cap of $42.19 billion, a PE ratio of 239.53, a price-to-earnings-growth ratio of 44.03 and a beta of 1.12. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The stock's fifty day moving average price is $104.72 and its two-hundred day moving average price is $124.61.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.04. The company had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. Datadog had a net margin of 6.85% and a return on equity of 8.28%. Datadog's quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. Equities analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Institutional Trading of Datadog

A number of large investors have recently bought and sold shares of DDOG. Wealth Enhancement Advisory Services LLC grew its stake in shares of Datadog by 32.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock worth $2,216,000 after acquiring an additional 3,760 shares during the period. Proficio Capital Partners LLC bought a new position in Datadog during the fourth quarter worth about $14,884,000. ARK Investment Management LLC boosted its position in Datadog by 62.7% during the fourth quarter. ARK Investment Management LLC now owns 127,290 shares of the company's stock worth $18,188,000 after purchasing an additional 49,050 shares during the period. Y Intercept Hong Kong Ltd increased its stake in shares of Datadog by 140.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company's stock worth $7,590,000 after purchasing an additional 30,998 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in shares of Datadog by 15.8% in the fourth quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company's stock valued at $1,558,234,000 after purchasing an additional 1,484,562 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on DDOG. Morgan Stanley reduced their price target on shares of Datadog from $143.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Barclays lifted their price objective on shares of Datadog from $125.00 to $128.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Wolfe Research lowered shares of Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Wedbush cut their price target on Datadog from $155.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, Rosenblatt Securities lowered their price objective on Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $141.04.

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.

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