Datadog (NASDAQ:DDOG) CTO Sells 49,961 Shares of Company Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 49,961 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $179.52, for a total value of $8,968,998.72. Following the completion of the sale, the chief technology officer directly owned 438,072 shares of the company’s stock, valued at $78,642,685.44. The trade was a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, October 28th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The stock was sold at an average price of $278.90, for a total transaction of $12,055,173.60.
• On Wednesday, October 7th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The stock was sold at an average price of $273.60, for a total transaction of $14,750,323.20.
• On Wednesday, September 23rd, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The stock was sold at an average price of $252.17, for a total value of $10,899,796.08.
• On Wednesday, September 2nd, Alexis Le-Quoc sold 21,772 shares of Datadog stock. The shares were sold at an average price of $212.90, for a total value of $4,635,258.80.
• On Tuesday, September 1st, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The shares were sold at an average price of $227.02, for a total value of $12,239,102.24.
• On Monday, August 24th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The shares were sold at an average price of $228.63, for a total value of $9,882,303.12.

Datadog Stock Performance

Datadog stock traded up $0.08 during mid-day trading on Thursday, reaching $184.46. 2,870,808 shares of the company’s stock were exchanged, compared to its average volume of 5,103,439. The business’s fifty day simple moving average is $244.64 and its 200 day simple moving average is $200.80. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 0.21. Datadog, Inc. has a one year low of $98.01 and a one year high of $300.68. The firm has a market capitalization of $66.23 billion, a PE ratio of 259.81, a P/E/G ratio of 10.74 and a beta of 1.50.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.17. Datadog had a return on equity of 7.28% and a net margin of 6.12%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The business’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, sell-side analysts expect that Datadog, Inc. will post 0.82 earnings per share for the current year.

Hedge Funds Weigh In On Datadog

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its stake in shares of Datadog by 22.8% in the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after purchasing an additional 1,439,082 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Datadog by 81.5% during the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock valued at $435,081,000 after buying an additional 1,654,429 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Datadog by 30.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock valued at $312,340,000 after buying an additional 615,090 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Datadog by 197.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,443,008 shares of the company’s stock worth $669,018,000 after buying an additional 1,622,904 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Datadog by 162.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company’s stock worth $185,459,000 after buying an additional 971,910 shares during the period. Institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on DDOG. Sanford C. Bernstein reduced their price target on shares of Datadog from $350.00 to $273.00 and set an “outperform” rating for the company in a research report on Thursday, November 5th. Canaccord Genuity Group boosted their target price on shares of Datadog from $250.00 to $295.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. BTIG Research reduced their target price on shares of Datadog from $289.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, November 4th. Wedbush decreased their price target on shares of Datadog from $275.00 to $240.00 and set an “outperform” rating for the company in a research note on Thursday, November 5th. Finally, Raymond James Financial restated an “outperform” rating and set a $280.00 price target on shares of Datadog in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $278.43.

Top Datadog Stories

Investors following DDOG have been watching these stories:

• Positive Sentiment: Datadog was among software stocks lifted after cloud-computing firm CoreWeave reported results, improving sentiment around the sector and AI-related demand. Article: Datadog and Cloudflare Rise as CoreWeave’s Results Lift Software Stocks
• Positive Sentiment: After falling 37% in four weeks, DDOG was described as oversold, while analysts’ upward earnings-estimate revisions may offer support for a potential rebound. Datadog’s recent quarterly results also showed 35.2% year-over-year revenue growth and EPS above consensus. Article: Datadog Looks Ripe for a Turnaround
• Neutral Sentiment: Management plans to present at several investor conferences in November and December. The events may provide updates, but the announcement itself did not include new business or financial guidance. Article: Datadog to Present at Upcoming Investor Conferences

About Datadog

Datadog, Inc. provides a cloud-based monitoring and security platform that helps organizations observe and manage their technology environments. Its tools collect and analyze data from applications, infrastructure, networks, and other systems to help teams detect issues and improve performance. The company’s products include infrastructure monitoring, application performance monitoring, log management, digital experience monitoring, database and network monitoring, and security tools. Datadog also offers capabilities for incident management and cloud security.