Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total value of $12,983,775.75. Following the completion of the sale, the chief technology officer now directly owns 371,865 shares in the company, valued at $37,986,009.75. This represents a 25.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Alexis Le-Quoc also recently made the following trade(s):
- On Monday, February 3rd, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $142.78, for a total value of $18,148,051.90.
- On Wednesday, January 8th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $141.21, for a total value of $17,948,497.05.
Datadog Price Performance
Shares of Datadog stock traded down $1.94 on Tuesday, hitting $102.03. The company had a trading volume of 1,646,002 shares, compared to its average volume of 5,312,682. The business has a 50-day simple moving average of $129.97 and a 200-day simple moving average of $131.27. The company has a market cap of $34.97 billion, a PE ratio of 200.04, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 52 week low of $98.30 and a 52 week high of $170.08.
Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. On average, equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on DDOG. Wells Fargo & Company downgraded Datadog from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $152.00 to $140.00 in a report on Thursday, February 13th. TD Cowen reaffirmed a "buy" rating and set a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. Barclays decreased their price target on shares of Datadog from $187.00 to $180.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Jefferies Financial Group upped their price objective on shares of Datadog from $155.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Finally, Macquarie reissued an "outperform" rating and issued a $200.00 price objective on shares of Datadog in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $158.70.
Get Our Latest Report on DDOG
Hedge Funds Weigh In On Datadog
Hedge funds and other institutional investors have recently modified their holdings of the stock. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog in the 4th quarter valued at $30,000. Putney Financial Group LLC acquired a new position in shares of Datadog in the 4th quarter valued at $32,000. Avior Wealth Management LLC boosted its position in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after purchasing an additional 81 shares during the period. Elequin Capital LP acquired a new position in shares of Datadog in the 4th quarter valued at $34,000. Finally, True Wealth Design LLC lifted its stake in Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company's stock worth $28,000 after acquiring an additional 240 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.
Datadog Company Profile
(
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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.
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