Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CTO Sells $12,983,775.75 in Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total value of $12,983,775.75. Following the transaction, the chief technology officer now directly owns 371,865 shares in the company, valued at approximately $37,986,009.75. This represents a 25.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, February 3rd, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $142.78, for a total value of $18,148,051.90.
• On Wednesday, January 8th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $141.21, for a total value of $17,948,497.05.

Datadog Price Performance

NASDAQ DDOG opened at $101.80 on Monday. The stock’s fifty day moving average price is $130.81 and its 200 day moving average price is $131.35. Datadog, Inc. has a 1 year low of $98.30 and a 1 year high of $170.08. The company has a market cap of $34.89 billion, a price-to-earnings ratio of 199.61, a PEG ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Institutional Investors Weigh In On Datadog

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its position in Datadog by 7.7% during the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock worth $146,000 after purchasing an additional 75 shares during the period. Spire Wealth Management grew its position in Datadog by 21.4% during the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after purchasing an additional 80 shares during the period. Avior Wealth Management LLC grew its position in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after purchasing an additional 81 shares during the period. Pathstone Holdings LLC grew its position in Datadog by 0.4% during the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after purchasing an additional 91 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Datadog by 5.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock worth $265,000 after purchasing an additional 92 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DDOG. Loop Capital boosted their price target on Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Truist Financial lowered their price target on Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a report on Friday, February 14th. Stifel Nicolaus lowered Datadog from a “buy” rating to a “hold” rating and lowered their price target for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Morgan Stanley reiterated an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a report on Thursday, January 16th. Finally, Guggenheim reiterated a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and a consensus price target of $158.70.

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.