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 stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $118.52, for a total value of $15,064,484.60. Following the completion of the sale, the chief technology officer now owns 290,412 shares of the company's stock, valued at $34,419,630.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, April 9th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $125.53, for a total transaction of $15,955,490.65.
• On Monday, March 4th, Alexis Le-Quoc sold 37,168 shares of Datadog stock. The stock was sold at an average price of $128.58, for a total transaction of $4,779,061.44.

Datadog Price Performance

Shares of Datadog stock traded down $0.54 during mid-day trading on Friday, reaching $120.07. 2,069,387 shares of the stock traded hands, compared to its average volume of 4,228,218. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average of $123.21 and a 200 day moving average of $120.34. The stock has a market capitalization of $39.85 billion, a PE ratio of 376.91, a PEG ratio of 46.16 and a beta of 1.14. Datadog, Inc. has a fifty-two week low of $77.81 and a fifty-two week high of $138.61.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The business had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The business's revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) earnings per share. On average, analysts predict that Datadog, Inc. will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Datadog

Large investors have recently made changes to their positions in the stock. First National Trust Co grew its position in Datadog by 3.3% in the first quarter. First National Trust Co now owns 2,447 shares of the company's stock worth $302,000 after acquiring an additional 79 shares during the period. Parsons Capital Management Inc. RI grew its position in Datadog by 1.8% in the first quarter. Parsons Capital Management Inc. RI now owns 4,890 shares of the company's stock worth $604,000 after acquiring an additional 88 shares during the period. Panagora Asset Management Inc. grew its position in Datadog by 1.0% in the fourth quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company's stock worth $1,096,000 after acquiring an additional 89 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Datadog by 17.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company's stock worth $78,000 after acquiring an additional 97 shares during the period. Finally, AM Squared Ltd grew its position in Datadog by 25.0% in the fourth quarter. AM Squared Ltd now owns 500 shares of the company's stock worth $61,000 after acquiring an additional 100 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on DDOG. Citigroup lifted their price objective on shares of Datadog from $125.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, January 22nd. Cantor Fitzgerald reiterated an "overweight" rating and set a $150.00 price target on shares of Datadog in a research note on Wednesday, April 17th. JMP Securities upgraded Datadog to a "hold" rating in a research note on Wednesday, May 8th. Royal Bank of Canada boosted their price target on Datadog from $145.00 to $151.00 and gave the company an "outperform" rating in a research note on Wednesday, February 14th. Finally, William Blair reiterated an "outperform" rating on shares of Datadog in a research note on Friday, February 16th. Five analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.58.

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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