Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CTO Sells $16,438,489.65 in Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $129.33, for a total transaction of $16,438,489.65. Following the transaction, the chief technology officer now owns 336,165 shares in the company, valued at approximately $43,476,219.45. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, August 12th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $111.66, for a total value of $14,192,544.30.

Datadog Price Performance

NASDAQ DDOG opened at $128.12 on Friday. The company’s fifty day moving average is $116.58 and its two-hundred day moving average is $119.45. The firm has a market capitalization of $42.86 billion, a price-to-earnings ratio of 400.38, a P/E/G ratio of 22.85 and a beta of 1.11. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The firm had revenue of $645.28 million for the quarter, compared to analyst estimates of $624.92 million. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 26.7% compared to the same quarter last year. As a group, sell-side analysts expect that Datadog, Inc. will post 0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SouthState Corp bought a new stake in Datadog in the second quarter valued at about $26,000. Riverview Trust Co bought a new stake in shares of Datadog in the 1st quarter valued at approximately $26,000. Blue Trust Inc. acquired a new position in shares of Datadog in the 2nd quarter worth approximately $37,000. Versant Capital Management Inc lifted its position in shares of Datadog by 216.5% during the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock worth $40,000 after buying an additional 210 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Datadog by 70.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after buying an additional 127 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DDOG shares. DA Davidson raised Datadog from a “neutral” rating to a “buy” rating and raised their price target for the stock from $115.00 to $140.00 in a research note on Tuesday, October 1st. Monness Crespi & Hardt raised shares of Datadog from a “sell” rating to a “neutral” rating in a research report on Wednesday, August 7th. Evercore ISI started coverage on shares of Datadog in a research report on Monday, July 15th. They issued an “outperform” rating and a $150.00 target price for the company. UBS Group restated an “underperform” rating on shares of Datadog in a report on Friday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $151.00 price objective on shares of Datadog in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and an average price target of $142.11.

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.