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

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the completion of the transaction, the chief technology officer now owns 324,778 shares of the company’s stock, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $140.95 on Thursday. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The business’s fifty day moving average price is $145.36 and its two-hundred day moving average price is $128.42. The firm has a market capitalization of $47.88 billion, a PE ratio of 265.95, a P/E/G ratio of 19.82 and a beta of 1.14.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of analyst reports. Sanford C. Bernstein decreased their price target on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Jefferies Financial Group upped their price target on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 6th. UBS Group reiterated an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Mizuho increased their target price on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $157.46.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. True Wealth Design LLC increased its holdings in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog during the fourth quarter valued at $30,000. Meeder Asset Management Inc. increased its holdings in shares of Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares during the period. Quarry LP acquired a new position in shares of Datadog during the third quarter valued at $33,000. Finally, American National Bank & Trust acquired a new position in shares of Datadog during the third quarter valued at $39,000. 78.29% of the stock is owned by institutional investors and hedge funds.

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.