Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CTO Sells 127,105 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $111.66, for a total value of $14,192,544.30. Following the completion of the sale, the chief technology officer now owns 347,684 shares in the company, valued at $38,822,395.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, July 1st, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The stock was sold at an average price of $130.75, for a total value of $16,618,978.75.
• On Friday, June 7th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $109.79, for a total value of $13,954,857.95.

Datadog Trading Down 0.2 %

Datadog stock traded down $0.22 during trading on Wednesday, reaching $114.15. The company had a trading volume of 2,911,432 shares, compared to its average volume of 4,105,760. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. The stock’s 50 day moving average price is $119.54 and its two-hundred day moving average price is $122.85. The firm has a market capitalization of $38.18 billion, a price-to-earnings ratio of 357.41, a PEG ratio of 37.24 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The business had revenue of $645.28 million during the quarter, compared to the consensus estimate of $624.92 million. During the same period in the prior year, the firm posted $0.36 EPS. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. As a group, equities analysts expect that Datadog, Inc. will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Datadog

A number of institutional investors have recently added to or reduced their stakes in the company. SouthState Corp acquired a new stake in shares of Datadog during the second quarter worth approximately $26,000. Riverview Trust Co acquired a new position in Datadog during the 1st quarter worth $26,000. Raleigh Capital Management Inc. bought a new stake in Datadog in the fourth quarter valued at about $29,000. Jones Financial Companies Lllp acquired a new stake in Datadog during the fourth quarter valued at approximately $33,000. Finally, Quest Partners LLC bought a new position in Datadog during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on DDOG. Scotiabank reduced their price objective on shares of Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Friday, August 9th. Baird R W upgraded shares of Datadog from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. JMP Securities upgraded Datadog to a “hold” rating in a research report on Wednesday, May 8th. Royal Bank of Canada reissued an “outperform” rating and set a $151.00 price target on shares of Datadog in a report on Friday, August 9th. Finally, UBS Group lifted their price objective on Datadog from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.93.

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.