Insider Selling: Datadog (NASDAQ:DDOG) CTO Sells 53,912 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $154.05, for a total transaction of $8,305,143.60. Following the transaction, the chief technology officer owned 295,448 shares in the company, valued at approximately $45,513,764.40. This trade represents a 15.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 transaction 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 value 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 value of $6,259,179.92.

Datadog Stock Performance

DDOG traded down $1.71 on Tuesday, hitting $152.57. The company had a trading volume of 2,823,501 shares, compared to its average volume of 5,465,723. The stock has a market cap of $53.50 billion, a price-to-earnings ratio of 492.16, a price-to-earnings-growth ratio of 33.07 and a beta of 1.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The company’s fifty day moving average price is $162.93 and its 200 day moving average price is $143.88. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.55 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 company had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. During the same quarter last year, the firm posted $0.46 earnings per share. The company’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. Equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings 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 in the last quarter. State Street Corp boosted its stake in Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after purchasing an additional 7,091,075 shares in the last quarter. Norges Bank bought a new stake in shares of Datadog during the second quarter worth $347,728,000. Invesco Ltd. grew its holdings in shares of 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 purchasing an additional 2,216,402 shares during the last quarter. Finally, Dragoneer Investment Group LLC increased its stake in shares of 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 in the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Rosenblatt Securities lifted their price objective on Datadog from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. KeyCorp raised Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price target on the stock in a research report on Friday, November 7th. Scotiabank increased their price objective on Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a research report on Friday, November 7th. BNP Paribas Exane boosted their target price on shares of Datadog from $160.00 to $210.00 in a research report on Friday, November 7th. Finally, Morgan Stanley upped their target price on shares of Datadog from $165.00 to $180.00 and gave the company an “equal weight” 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $207.38.

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.