Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc Sells 127,105 Shares

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at $45,861,901.38. The trade was a 28.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Datadog Stock Down 1.7 %

Shares of DDOG stock opened at $138.00 on Tuesday. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The stock has a market capitalization of $46.88 billion, a P/E ratio of 260.38, a P/E/G ratio of 19.82 and a beta of 1.14. The stock has a 50-day simple moving average of $145.08 and a 200 day simple moving average of $128.36.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays increased their price target on shares of Datadog from $155.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Citigroup increased their price objective on shares of Datadog from $150.00 to $157.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Loop Capital increased their price objective on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Macquarie started coverage on shares of Datadog in a research note on Thursday, December 12th. They set an “outperform” rating and a $200.00 price objective on the stock. Finally, Sanford C. Bernstein dropped their price objective on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.46.

Institutional Investors Weigh In On Datadog

Hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC lifted its holdings in shares of Datadog by 172.2% during the third quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock valued at $4,469,000 after purchasing an additional 24,574 shares during the last quarter. Heritage Investors Management Corp purchased a new stake in shares of Datadog during the third quarter valued at $1,157,000. Atom Investors LP purchased a new stake in shares of Datadog during the third quarter valued at $1,112,000. Jennison Associates LLC lifted its holdings in shares of Datadog by 2.1% during the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after purchasing an additional 126,613 shares during the last quarter. Finally, Parnassus Investments LLC lifted its holdings in shares of Datadog by 28.4% during the third quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock valued at $21,324,000 after purchasing an additional 40,952 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.