Datadog (NASDAQ:DDOG) Stock: Insider Alexis Le-Quoc Sells 53,912 Shares

Key Points

• Datadog CTO Alexis Le-Quoc sold 53,912 shares at an average price of $273.60, generating approximately $14.75 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 488,033 shares.
• Datadog shares rose to $293.26, near their 52-week high of $294.00, giving the company a market capitalization of about $105.3 billion. The stock trades at a notably high P/E ratio of 598.50.
• The company recently exceeded quarterly earnings and revenue expectations, reporting $0.65 in EPS and $1.12 billion in revenue, up 35.6% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $278.51, while institutional investors own 78.29% of the stock.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CTO Alexis Le-Quoc sold 53,912 shares of the business's stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $273.60, for a total value of $14,750,323.20. Following the transaction, the chief technology officer owned 488,033 shares of the company's stock, valued at $133,525,828.80. This represents a 9.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Wednesday, September 23rd, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The shares were sold at an average price of $252.17, for a total value of $10,899,796.08.
• On Wednesday, September 2nd, Alexis Le-Quoc sold 21,772 shares of Datadog stock. The shares were sold at an average price of $212.90, for a total transaction of $4,635,258.80.
• On Tuesday, September 1st, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The shares were sold at an average price of $227.02, for a total transaction of $12,239,102.24.
• On Monday, August 24th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The shares were sold at an average price of $228.63, for a total value of $9,882,303.12.
• 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 value 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.

Datadog Price Performance

Shares of NASDAQ DDOG traded up $19.46 during trading on Friday, hitting $293.26. The company had a trading volume of 3,702,694 shares, compared to its average volume of 5,213,662. The business's 50-day moving average is $245.27 and its 200 day moving average is $215.54. The company has a market cap of $105.30 billion, a P/E ratio of 598.50, a PEG ratio of 26.48 and a beta of 1.51. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $294.00.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The business's revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Equities research analysts predict that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Datadog

Institutional investors have recently modified their holdings of the company. Wedmont Private Capital boosted its holdings in shares of Datadog by 376.6% during the 3rd quarter. Wedmont Private Capital now owns 17,130 shares of the company's stock worth $4,691,000 after buying an additional 13,536 shares during the period. Journey Retirement Planning & Investment Management LLC acquired a new stake in shares of Datadog in the third quarter valued at about $645,000. Legacy Wealth Asset Management LLC increased its stake in shares of Datadog by 549.2% in the third quarter. Legacy Wealth Asset Management LLC now owns 13,762 shares of the company's stock worth $3,769,000 after purchasing an additional 11,642 shares during the period. Mn Services Vermogensbeheer B.V. lifted its position in shares of Datadog by 338.4% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 399,066 shares of the company's stock worth $109,284,000 after purchasing an additional 308,040 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Datadog by 344.8% during the 3rd quarter. GAMMA Investing LLC now owns 39,116 shares of the company's stock worth $10,712,000 after purchasing an additional 30,322 shares during the last quarter. Institutional investors own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

DDOG has been the topic of a number of research analyst reports. Wolfe Research reaffirmed an "outperform" rating and set a $295.00 price objective on shares of Datadog in a research report on Thursday, June 11th. Raymond James Financial reissued an "outperform" rating and set a $280.00 target price on shares of Datadog in a research note on Thursday, August 6th. Mizuho upped their price target on shares of Datadog from $220.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 15th. Wells Fargo & Company boosted their target price on shares of Datadog from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of Datadog from a "sell (d+)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $278.51.

Datadog Company Profile

Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.

The company's product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.

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