Datadog, Inc. (NASDAQ:DDOG) CTO Sells $18,148,051.90 in Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the completion of the sale, the chief technology officer now owns 324,778 shares of the company’s stock, valued at $46,371,802.84. The trade was a 28.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• 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 transaction of $17,948,497.05.

Datadog Trading Down 1.5 %

Shares of DDOG opened at $142.65 on Friday. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The firm has a fifty day simple moving average of $147.26 and a 200 day simple moving average of $130.10. The stock has a market capitalization of $48.46 billion, a price-to-earnings ratio of 269.16, a PEG ratio of 16.59 and a beta of 1.15.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DDOG. Creative Planning boosted its holdings in Datadog by 7.1% during the second quarter. Creative Planning now owns 14,578 shares of the company’s stock worth $1,891,000 after purchasing an additional 963 shares during the last quarter. Truist Financial Corp boosted its holdings in Datadog by 60.6% during the second quarter. Truist Financial Corp now owns 30,819 shares of the company’s stock worth $3,997,000 after purchasing an additional 11,634 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Datadog by 10.9% during the second quarter. Cetera Investment Advisers now owns 37,570 shares of the company’s stock worth $4,872,000 after purchasing an additional 3,690 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Datadog during the second quarter worth $954,000. Finally, GAMMA Investing LLC raised its position in Datadog by 19.5% during the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a research report on Thursday, November 7th. Rosenblatt Securities lifted their price target on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Morgan Stanley reiterated an “equal weight” rating and set a $143.00 price target on shares of Datadog in a research report on Thursday, January 16th. Finally, DA Davidson lifted their price target on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $157.59.

Datadog Company Profile

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.