Alexis Le-Quoc Sells 13,765 Shares of Datadog (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 13,765 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total transaction of $2,183,129.00. Following the transaction, the chief technology officer owned 338,672 shares of the company’s stock, valued at approximately $53,713,379.20. This represents a 3.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 transaction 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 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 value of $6,259,179.92.

Datadog Trading Down 1.0%

Shares of DDOG stock opened at $151.41 on Friday. 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 $53.09 billion, a price-to-earnings ratio of 488.42, a price-to-earnings-growth ratio of 34.15 and a beta of 1.23. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The stock’s 50-day moving average price is $162.75 and its 200-day moving average price is $143.22.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the business posted $0.46 EPS. 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 predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, October 8th. DA Davidson boosted their target price on shares of Datadog from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Stifel Nicolaus set a $205.00 price target on shares of Datadog in a report on Thursday, November 6th. Macquarie lifted their price target on Datadog from $175.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, The Goldman Sachs Group upped their price objective on Datadog from $165.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.38.

Institutional Trading of Datadog

Several institutional investors have recently added to or reduced their stakes in DDOG. Brighton Jones LLC bought a new position in shares of Datadog during the fourth quarter valued at approximately $209,000. Bison Wealth LLC purchased a new position in Datadog during the 4th quarter valued at $228,000. LPL Financial LLC grew its position in Datadog by 6.8% in the 1st quarter. LPL Financial LLC now owns 162,562 shares of the company’s stock valued at $16,128,000 after acquiring an additional 10,319 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Datadog by 1.8% in the first quarter. PNC Financial Services Group Inc. now owns 18,514 shares of the company’s stock worth $1,837,000 after purchasing an additional 322 shares during the period. Finally, ING Groep NV bought a new stake in shares of Datadog during the first quarter worth $1,053,000. Institutional investors own 78.29% of the company’s stock.

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.