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 company’s stock in a transaction that occurred on 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 transaction, the chief technology officer now owns 324,778 shares in the company, valued at approximately $46,371,802.84. This represents a 28.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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 Stock Performance

NASDAQ:DDOG opened at $142.65 on Friday. The company has a 50-day moving average of $147.26 and a 200-day moving average of $130.10. The company 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. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DDOG. Mizuho increased their price target on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Rosenblatt Securities increased their price target on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Royal Bank of Canada increased their price target on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. 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 note on Friday, December 6th. Finally, BMO Capital Markets increased their price target on shares of Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.59.

Institutional Investors Weigh In On Datadog

A number of hedge funds have recently made changes to their positions in DDOG. Creative Planning increased its position in shares of Datadog by 7.1% during the 2nd quarter. Creative Planning now owns 14,578 shares of the company’s stock worth $1,891,000 after purchasing an additional 963 shares in the last quarter. Truist Financial Corp increased its position in shares of Datadog by 60.6% during the 2nd 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 in the last quarter. Cetera Investment Advisers increased its position in shares of Datadog by 10.9% during the 2nd 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 in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Datadog during the 2nd quarter worth about $954,000. Finally, GAMMA Investing LLC increased its position in shares of Datadog by 19.5% during the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.