Alexis Le-Quoc Sells 127,105 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the transaction, the chief technology officer now owns 324,778 shares in the company, valued at approximately $45,861,901.38. The trade was a 28.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Datadog Trading Down 1.7 %

DDOG stock traded down $2.42 during midday trading on Monday, hitting $138.00. The company’s stock had a trading volume of 4,412,078 shares, compared to its average volume of 3,087,121. The firm’s 50-day moving average is $144.83 and its 200-day moving average is $128.29. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The company has a market cap of $46.88 billion, a PE ratio of 260.38, a P/E/G ratio of 19.82 and a beta of 1.14.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DDOG shares. Stifel Nicolaus increased their price objective on Datadog from $141.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird raised their price target on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada boosted their price objective on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Sanford C. Bernstein dropped their target price on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Finally, BMO Capital Markets boosted their price target on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.46.

Institutional Investors Weigh In On Datadog

Several large investors have recently bought and sold shares of DDOG. True Wealth Design LLC boosted its holdings in shares of Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares during the period. Quarry LP purchased a new stake in Datadog in the third quarter worth approximately $33,000. American National Bank & Trust bought a new stake in Datadog in the 3rd quarter worth approximately $39,000. Finally, Kieckhefer Group LLC purchased a new stake in Datadog during the 4th quarter valued at $43,000. 78.29% of the stock is currently owned by institutional investors.

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.