Alexis Le-Quoc Sells 32,418 Shares of Datadog (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 32,418 shares of the company’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $137.85, for a total transaction of $4,468,821.30. Following the sale, the chief technology officer directly owned 301,458 shares in the company, valued at $41,555,985.30. This represents a 9.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, December 8th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The stock was sold at an average price of $154.05, for a total value of $8,305,143.60.
• 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 shares were sold at an average price of $197.99, for a total value of $10,674,036.88.

Datadog Price Performance

Shares of DDOG stock opened at $135.99 on Friday. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $201.69. The stock has a market capitalization of $47.69 billion, a PE ratio of 438.68, a PEG ratio of 29.70 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. The stock’s fifty day moving average is $157.58 and its 200-day moving average is $146.35.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results 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 return on equity of 4.14% and a net margin of 3.32%.The business had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same period in the previous year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Mizuho set a $200.00 price objective on shares of Datadog in a research report on Tuesday, December 16th. Rosenblatt Securities increased their price objective on Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Macquarie boosted their target price on Datadog from $175.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Citigroup upped their price target on Datadog from $170.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Finally, Evercore ISI lifted their price objective on Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Thirty-two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $207.78.

Hedge Funds Weigh In On Datadog

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Datadog by 30.3% in the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after acquiring an additional 9,748,738 shares during the last quarter. State Street Corp boosted its stake in Datadog by 106.8% during the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after acquiring an additional 7,091,075 shares during the last quarter. Norges Bank acquired a new position in Datadog during the second quarter valued at approximately $347,728,000. Invesco Ltd. increased its stake in Datadog by 119.2% in the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock valued at $580,383,000 after purchasing an additional 2,216,402 shares in the last quarter. Finally, Dragoneer Investment Group LLC raised 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 worth $302,855,000 after purchasing an additional 1,982,763 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.