Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CTO Alexis Le-Quoc sold 43,224 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $220.97, for a total transaction of $9,551,207.28. Following the sale, the chief technology officer directly owned 509,805 shares in the company, valued at approximately $112,651,610.85. This represents a 7.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Alexis Le-Quoc also recently made the following trade(s):
- On Tuesday, June 2nd, Alexis Le-Quoc sold 21,506 shares of Datadog stock. The stock was sold at an average price of $267.15, for a total transaction of $5,745,327.90.
- On Monday, June 1st, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The stock was sold at an average price of $271.05, for a total transaction of $14,612,847.60.
- On Monday, May 18th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The shares were sold at an average price of $208.04, for a total transaction of $8,992,320.96.
- On Monday, May 4th, Alexis Le-Quoc sold 43,106 shares of Datadog stock. The shares were sold at an average price of $144.93, for a total transaction of $6,247,352.58.
- On Wednesday, April 22nd, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The shares were sold at an average price of $130.84, for a total value of $5,655,428.16.
- On Monday, April 6th, Alexis Le-Quoc sold 32,300 shares of Datadog stock. The stock was sold at an average price of $116.46, for a total value of $3,761,658.00.
Datadog Stock Performance
Shares of DDOG stock opened at $239.77 on Friday. The business has a fifty day moving average of $200.60 and a 200 day moving average of $152.22. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $278.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. The firm has a market capitalization of $85.35 billion, a price-to-earnings ratio of 630.99, a price-to-earnings-growth ratio of 23.30 and a beta of 1.56.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of DDOG. Wealth High Governance Capital Ltda acquired a new stake in Datadog during the first quarter valued at $4,085,000. Wealth High Governance Asset Management Ltda. acquired a new position in shares of Datadog in the first quarter worth about $3,470,000. Parallel Advisors LLC boosted its stake in shares of Datadog by 12.5% during the 1st quarter. Parallel Advisors LLC now owns 9,730 shares of the company’s stock worth $1,149,000 after acquiring an additional 1,082 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Datadog by 15.6% during the 1st quarter. Glenmede Trust Co. NA now owns 8,346 shares of the company’s stock worth $985,000 after acquiring an additional 1,126 shares in the last quarter. Finally, Groupe la Francaise grew its position in shares of Datadog by 20.4% during the 1st quarter. Groupe la Francaise now owns 93,982 shares of the company’s stock valued at $11,063,000 after acquiring an additional 15,907 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on DDOG shares. Scotiabank increased their price target on shares of Datadog from $225.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Arete Research lifted their price objective on shares of Datadog from $260.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday. DA Davidson set a $250.00 price objective on shares of Datadog in a report on Friday, May 22nd. Rosenblatt Securities increased their price objective on shares of Datadog from $178.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Bank of America raised their target price on shares of Datadog from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average target price of $242.09.
Get Our Latest Stock Report on Datadog
About Datadog
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.
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