Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CTO Alexis Le-Quoc sold 32,418 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $127.75, for a total transaction of $4,141,399.50. Following the completion of the transaction, the chief technology officer directly owned 437,257 shares in the company, valued at $55,859,581.75. This represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Alexis Le-Quoc also recently made the following trade(s):
- On Tuesday, March 10th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The stock was sold at an average price of $125.49, for a total transaction of $6,765,416.88.
- On Monday, March 2nd, Alexis Le-Quoc sold 53,541 shares of Datadog stock. The shares were sold at an average price of $110.54, for a total transaction of $5,918,422.14.
- On Wednesday, February 11th, Alexis Le-Quoc sold 43,106 shares of Datadog stock. The stock was sold at an average price of $126.79, for a total transaction of $5,465,409.74.
- On Wednesday, January 28th, Alexis Le-Quoc sold 32,418 shares of Datadog stock. The shares were sold at an average price of $140.99, for a total transaction of $4,570,613.82.
- On Monday, January 5th, Alexis Le-Quoc sold 43,106 shares of Datadog stock. The shares were sold at an average price of $133.93, for a total value of $5,773,186.58.
- On Monday, December 29th, Alexis Le-Quoc sold 32,418 shares of Datadog stock. The stock was sold at an average price of $137.85, for a total value of $4,468,821.30.
Datadog Stock Performance
Shares of DDOG stock opened at $114.48 on Friday. The company has a market cap of $40.36 billion, a price-to-earnings ratio of 369.29, a price-to-earnings-growth ratio of 34.16 and a beta of 1.31. The stock has a 50 day simple moving average of $122.53 and a 200-day simple moving average of $140.99. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 0.26.
Wall Street Analysts Forecast Growth
Several brokerages have commented on DDOG. DA Davidson restated a “buy” rating and set a $225.00 target price on shares of Datadog in a research report on Tuesday, February 17th. Scotiabank cut their price target on shares of Datadog from $180.00 to $160.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 11th. UBS Group set a $195.00 price objective on shares of Datadog in a research note on Monday, February 9th. Mizuho decreased their price objective on shares of Datadog from $200.00 to $170.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. Finally, Piper Sandler lowered their target price on shares of Datadog from $225.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday, January 5th. Thirty-six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $179.62.
Get Our Latest Stock Analysis on DDOG
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in DDOG. Elevation Point Wealth Partners LLC raised its position in shares of Datadog by 3.3% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock valued at $242,000 after acquiring an additional 55 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Datadog by 1.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 4,778 shares of the company’s stock worth $622,000 after purchasing an additional 73 shares during the period. Vivaldi Capital Management LP boosted its holdings in Datadog by 2.8% in the third quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock worth $383,000 after purchasing an additional 74 shares during the period. Westside Investment Management Inc. increased its stake in Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Finally, Nilsine Partners LLC increased its stake in Datadog by 2.4% during the third quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock valued at $484,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.
About Datadog
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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