Alexis Le-Quoc Sells 13,766 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CTO Alexis Le-Quoc sold 13,766 shares of Datadog stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $116.84, for a total transaction of $1,608,419.44. Following the sale, the chief technology officer now owns 452,769 shares of the company's stock, valued at $52,901,529.96. The trade was a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, May 7th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $105.83, for a total transaction 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 Price Performance

Shares of NASDAQ:DDOG traded up $0.62 during trading on Friday, reaching $122.37. The company had a trading volume of 2,236,053 shares, compared to its average volume of 4,381,067. The stock's fifty day moving average price is $104.72 and its 200 day moving average price is $124.61. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The firm has a market capitalization of $42.26 billion, a price-to-earnings ratio of 240.12, a price-to-earnings-growth ratio of 44.03 and a beta of 1.12.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.46 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 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 was up 24.6% on a year-over-year basis. During the same quarter last year, the business earned $0.44 EPS. On average, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Datadog

Several hedge funds and other institutional investors have recently bought and sold shares of DDOG. Proficio Capital Partners LLC purchased a new position in shares of Datadog during the fourth quarter valued at approximately $14,884,000. ARK Investment Management LLC lifted its stake in shares of Datadog by 62.7% during the 4th 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 boosted its holdings in shares of Datadog by 140.1% during 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 during the last quarter. Baillie Gifford & Co. grew 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. Finally, Cullen Frost Bankers Inc. increased its stake in Datadog by 3.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 72,489 shares of the company's stock valued at $10,358,000 after purchasing an additional 2,451 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DDOG shares. JMP Securities reaffirmed a "market perform" rating on shares of Datadog in a research note on Friday, February 14th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $119.00 target price on shares of Datadog in a research note on Wednesday, May 7th. Wolfe Research cut shares of Datadog from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Stifel Nicolaus set a $120.00 price objective on Datadog in a research report on Tuesday, May 6th. Finally, UBS Group raised their price objective on shares of Datadog from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.