Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CTO Alexis Le-Quoc sold 21,772 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $212.90, for a total transaction of $4,635,258.80. Following the sale, the chief technology officer directly owned 488,033 shares of the company’s stock, valued at approximately $103,902,225.70. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Alexis Le-Quoc also recently made the following trade(s):
- 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 transaction of $12,239,102.24.
- On Monday, August 24th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The stock was sold at an average price of $228.63, for a total transaction of $9,882,303.12.
- On Monday, August 10th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The stock was sold at an average price of $253.36, for a total transaction of $13,659,144.32.
- On Monday, July 20th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The shares were sold at an average price of $265.23, for a total transaction of $11,464,301.52.
- On Wednesday, July 8th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The shares were sold at an average price of $257.24, for a total transaction of $13,868,322.88.
- On Monday, June 22nd, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The stock was sold at an average price of $220.97, for a total transaction of $9,551,207.28.
Datadog Stock Down 0.9%
Shares of DDOG stock traded down $1.83 during trading hours on Friday, reaching $212.93. 2,493,749 shares of the company’s stock were exchanged, compared to its average volume of 5,499,505. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $292.72. The stock’s 50 day moving average is $250.18 and its 200-day moving average is $193.14. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. The company has a market cap of $76.46 billion, a price-to-earnings ratio of 434.56, a P/E/G ratio of 20.49 and a beta of 1.49.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Oppenheimer raised their price target on Datadog from $220.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Cantor Fitzgerald raised their price target on shares of Datadog from $226.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. DA Davidson reaffirmed a “buy” rating and set a $315.00 target price on shares of Datadog in a report on Friday, August 7th. Jefferies Financial Group set a $260.00 target price on shares of Datadog in a research report on Thursday, August 6th. Finally, Wells Fargo & Company boosted their price target on Datadog from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.32.
Get Our Latest Analysis on DDOG
Institutional Investors Weigh In On Datadog
Hedge funds have recently modified their holdings of the company. JPL Wealth Management LLC acquired a new stake in shares of Datadog during the 3rd quarter valued at about $27,000. EMC Capital Management purchased a new position in Datadog during the second quarter worth approximately $28,000. Cornerstone Financial Management LLC boosted its position in Datadog by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock worth $33,000 after purchasing an additional 45 shares in the last quarter. Rothschild Investment LLC grew its holdings in Datadog by 52.5% in the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock valued at $37,000 after purchasing an additional 94 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in Datadog by 341.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock valued at $38,000 after purchasing an additional 246 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.
Datadog Company Profile
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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