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

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the sale, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at approximately $46,371,802.84. This trade represents a 28.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, January 8th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05.

Datadog Price Performance

NASDAQ:DDOG opened at $144.85 on Thursday. The company has a market cap of $49.21 billion, a price-to-earnings ratio of 273.31, a PEG ratio of 16.59 and a beta of 1.15. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The stock’s 50 day simple moving average is $147.55 and its two-hundred day simple moving average is $129.90.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DDOG. Rosenblatt Securities upped their price target on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Thursday, November 7th. Barclays boosted their price objective on shares of Datadog from $155.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Sanford C. Bernstein decreased their price target on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and an average target price of $157.59.

Institutional Investors Weigh In On Datadog

Large investors have recently bought and sold shares of the business. Creative Planning increased its holdings in shares of Datadog by 7.1% in the 2nd quarter. Creative Planning now owns 14,578 shares of the company’s stock worth $1,891,000 after buying an additional 963 shares during the last quarter. Truist Financial Corp increased its stake in Datadog by 60.6% during the second quarter. Truist Financial Corp now owns 30,819 shares of the company’s stock worth $3,997,000 after acquiring an additional 11,634 shares during the last quarter. Cetera Investment Advisers raised its position in Datadog by 10.9% during the second quarter. Cetera Investment Advisers now owns 37,570 shares of the company’s stock valued at $4,872,000 after purchasing an additional 3,690 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Datadog in the 2nd quarter valued at approximately $954,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Datadog by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after purchasing an additional 92 shares during the period. Institutional investors own 78.29% of the company’s stock.

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.