Datadog (NASDAQ:DDOG) Stock: Insider Alexis Le-Quoc Sells 49,961 Shares

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 49,961 shares of the firm’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $179.52, for a total value of $8,968,998.72. Following the transaction, the chief technology officer owned 438,072 shares of the company’s stock, valued at $78,642,685.44. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 shares were sold at an average price of $278.90, for a total value of $12,055,173.60.
• On Wednesday, October 7th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The shares were 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 transaction of $10,899,796.08.
• On Wednesday, September 2nd, Alexis Le-Quoc sold 21,772 shares of Datadog stock. The stock was sold at an average price of $212.90, for a total transaction 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 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.

Datadog Trading Up 0.0%

Shares of DDOG traded up $0.08 during trading hours on Thursday, hitting $184.46. 2,870,808 shares of the stock were exchanged, compared to its average volume of 5,103,439. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $300.68. The business has a 50-day moving average of $244.64 and a 200-day moving average of $200.80. The firm has a market capitalization of $66.23 billion, a P/E ratio of 259.81, a price-to-earnings-growth ratio of 10.74 and a beta of 1.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.51 and a quick ratio of 3.51.

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

Latest Datadog News

Investors following DDOG have been watching these news items:

• 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: CTO Alexis Le-Quoc sold 49,961 shares under a pre-arranged Rule 10b5-1 plan. He retained 438,072 shares, tempering the signal from the sale. SEC insider transaction filing

Analyst Upgrades and Downgrades

Several research firms recently commented on DDOG. TD Cowen decreased their target price on Datadog from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday, November 5th. Wells Fargo & Company dropped their price target on Datadog from $325.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, November 5th. Morgan Stanley boosted their price target on Datadog from $225.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Wedbush reduced their price objective on shares of Datadog from $275.00 to $240.00 and set an “outperform” rating for the company in a research report on Thursday, November 5th. Finally, Evercore reissued an “outperform” rating and set a $300.00 target price on shares of Datadog in a research note on Monday, November 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and a consensus price target of $278.43.

Institutional Inflows and Outflows

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

Datadog Company Profile

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.