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 company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $129.33, for a total value of $16,438,489.65. Following the completion of the sale, the chief technology officer now owns 336,165 shares of the company’s stock, valued at $43,476,219.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, August 12th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $111.66, for a total value of $14,192,544.30.

Datadog Stock Down 0.7 %

Shares of DDOG stock opened at $126.00 on Thursday. Datadog, Inc. has a 12 month low of $77.81 and a 12 month high of $138.61. The company has a market cap of $42.15 billion, a PE ratio of 393.75, a price-to-earnings-growth ratio of 22.85 and a beta of 1.11. The business’s 50 day moving average is $116.02 and its two-hundred day moving average is $119.37.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $645.28 million for the quarter, compared to analyst estimates of $624.92 million. Datadog had a net margin of 6.81% and a return on equity of 9.01%. Datadog’s revenue was up 26.7% compared to the same quarter last year. During the same period last year, the business posted $0.36 EPS. As a group, equities analysts expect that Datadog, Inc. will post 0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Datadog

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Datadog by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock valued at $3,390,485,000 after buying an additional 171,693 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Datadog by 9.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock valued at $511,620,000 after acquiring an additional 331,808 shares during the period. 1832 Asset Management L.P. grew its stake in shares of Datadog by 5.9% in the second quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock worth $322,487,000 after acquiring an additional 138,700 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Datadog by 19.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,068,070 shares of the company’s stock worth $138,518,000 after acquiring an additional 172,887 shares during the period. Finally, Kodai Capital Management LP acquired a new position in Datadog during the 1st quarter valued at $116,054,000. 78.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on DDOG. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $151.00 price target on shares of Datadog in a report on Friday, August 9th. DA Davidson upgraded shares of Datadog from a “neutral” rating to a “buy” rating and upped their price target for the company from $115.00 to $140.00 in a research report on Tuesday, October 1st. Monness Crespi & Hardt upgraded Datadog from a “sell” rating to a “neutral” rating in a report on Wednesday, August 7th. BNP Paribas began coverage on Datadog in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price objective for the company. Finally, BTIG Research raised Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price on the stock in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.19.

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.