Alexis Le-Quoc Sells 53,912 Shares of Datadog (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $154.05, for a total value of $8,305,143.60. Following the sale, the chief technology officer owned 295,448 shares of the company’s stock, valued at approximately $45,513,764.40. The trade was a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, December 2nd, Alexis Le-Quoc sold 13,765 shares of Datadog stock. The stock was sold at an average price of $158.60, for a total value of $2,183,129.00.
• On Monday, November 24th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The shares were sold at an average price of $158.49, for a total value of $6,850,571.76.
• On Tuesday, November 11th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The stock was sold at an average price of $197.99, for a total transaction of $10,674,036.88.
• On Wednesday, October 1st, Alexis Le-Quoc sold 41,468 shares of Datadog stock. The shares were sold at an average price of $150.94, for a total transaction of $6,259,179.92.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $151.20 on Thursday. The firm has a 50 day moving average of $163.11 and a 200-day moving average of $144.20. 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 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $53.02 billion, a PE ratio of 487.74, a PEG ratio of 33.32 and a beta of 1.23.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The business had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. During the same period last year, the firm posted $0.46 earnings per share. The firm’s quarterly revenue was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. On average, equities research analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. BNP Paribas Exane upped their price objective on Datadog from $160.00 to $210.00 in a research report on Friday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Datadog from $140.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Wall Street Zen raised shares of Datadog from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Cowen reiterated a “buy” rating on shares of Datadog in a research report on Thursday, November 6th. Finally, Bank of America increased their price objective on shares of Datadog from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average price target of $207.38.

Institutional Trading of Datadog

A number of institutional investors and hedge funds have recently bought and sold shares of DDOG. Vanguard Group Inc. increased its position in Datadog by 30.3% during the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after purchasing an additional 9,748,738 shares during the period. State Street Corp boosted its stake in shares of Datadog by 106.8% in the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after purchasing an additional 7,091,075 shares during the last quarter. Norges Bank acquired a new stake in shares of Datadog during the second quarter worth $347,728,000. Invesco Ltd. raised its stake in Datadog by 119.2% during the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock worth $580,383,000 after buying an additional 2,216,402 shares during the last quarter. Finally, Dragoneer Investment Group LLC lifted its holdings in Datadog by 729.5% in the second quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company’s stock valued at $302,855,000 after buying an additional 1,982,763 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.