Insider Selling: Datadog (NASDAQ:DDOG) CTO Sells 41,468 Shares of Stock

Key Points

• Datadog's CTO, Alexis Le-Quoc, sold 41,468 shares of the company's stock for approximately $6.26 million, reducing his holdings by 8.63% and bringing his remaining shares to about 438,885.
• Despite the recent insider selling, Datadog's stock is currently priced at $151.82 with a market capitalization of $52.95 billion and shows robust performance indicators, including a revenue increase of 28.1% year-over-year.
• Several research firms have raised their price targets for Datadog, with most analysts giving it a "Moderate Buy" rating and an average price target of $156.69.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CTO Alexis Le-Quoc sold 41,468 shares of Datadog stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $150.94, for a total transaction of $6,259,179.92. Following the sale, the chief technology officer directly owned 438,885 shares of the company's stock, valued at $66,245,301.90. The trade was a 8.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, September 2nd, Alexis Le-Quoc sold 55,352 shares of Datadog stock. The shares were sold at an average price of $133.83, for a total transaction of $7,407,758.16.
• On Tuesday, August 5th, Alexis Le-Quoc sold 41,468 shares of Datadog stock. The shares were sold at an average price of $134.47, for a total transaction of $5,576,201.96.
• On Monday, July 14th, Alexis Le-Quoc sold 41,468 shares of Datadog stock. The shares were sold at an average price of $139.27, for a total transaction of $5,775,248.36.
• On Monday, July 14th, Alexis Le-Quoc sold 41,468 shares of Datadog stock. The shares were sold at an average price of $139.27, for a total transaction of $5,775,248.36.

Datadog Stock Performance

NASDAQ DDOG traded up $0.25 during trading on Friday, reaching $151.82. The company's stock had a trading volume of 5,141,342 shares, compared to its average volume of 5,688,758. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $52.95 billion, a price-to-earnings ratio of 433.78, a price-to-earnings-growth ratio of 59.74 and a beta of 1.21. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The firm has a 50 day moving average price of $136.55 and a 200 day moving average price of $123.05.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. As a group, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DDOG. Stifel Nicolaus boosted their price objective on shares of Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a report on Thursday, June 26th. Jefferies Financial Group upped their price target on shares of Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Mizuho upped their price target on shares of Datadog from $145.00 to $155.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Bank of America upped their price target on shares of Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Monness Crespi & Hardt upped their price target on shares of Datadog from $160.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Twenty-five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $156.69.

Hedge Funds Weigh In On Datadog

A number of institutional investors have recently added to or reduced their stakes in the stock. Aaron Wealth Advisors LLC increased its position in Datadog by 304.1% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 7,799 shares of the company's stock worth $1,111,000 after purchasing an additional 5,869 shares in the last quarter. GAMMA Investing LLC increased its position in Datadog by 124.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,283 shares of the company's stock worth $325,000 after purchasing an additional 1,265 shares in the last quarter. Corient Private Wealth LLC increased its position in Datadog by 36.9% during the 2nd quarter. Corient Private Wealth LLC now owns 14,149 shares of the company's stock worth $1,901,000 after purchasing an additional 3,815 shares in the last quarter. National Wealth Management Group LLC acquired a new position in Datadog during the 2nd quarter worth approximately $384,000. Finally, Watts Gwilliam & Co. LLC acquired a new position in Datadog during the 2nd quarter worth approximately $2,426,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.

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