Datadog, Inc. (NASDAQ:DDOG – Get Rating) CTO Alexis Le-Quoc sold 71,364 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $86.26, for a total value of $6,155,858.64. Following the completion of the transaction, the chief technology officer now owns 288,630 shares in the company, valued at $24,897,223.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Alexis Le-Quoc also recently made the following trade(s):
- On Tuesday, April 4th, Alexis Le-Quoc sold 71,364 shares of Datadog stock. The stock was sold at an average price of $69.77, for a total value of $4,979,066.28.
- On Monday, March 13th, Alexis Le-Quoc sold 71,364 shares of Datadog stock. The stock was sold at an average price of $66.09, for a total value of $4,716,446.76.
Datadog Stock Up 1.4 %
Shares of NASDAQ:DDOG opened at $88.50 on Tuesday. Datadog, Inc. has a 1 year low of $61.34 and a 1 year high of $120.75. The business has a 50 day simple moving average of $70.01 and a two-hundred day simple moving average of $73.52. The firm has a market capitalization of $28.31 billion, a PE ratio of -327.78 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.09 and a quick ratio of 3.09.
Datadog (NASDAQ:DDOG – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $469.40 million during the quarter, compared to analyst estimates of $447.02 million. Datadog had a negative return on equity of 5.06% and a negative net margin of 4.68%. On average, equities analysts predict that Datadog, Inc. will post -0.08 EPS for the current year.
Hedge Funds Weigh In On Datadog
A number of large investors have recently made changes to their positions in the business. Vista Equity Partners Management LLC increased its position in shares of Datadog by 38.3% during the first quarter. Vista Equity Partners Management LLC now owns 96,540 shares of the company’s stock worth $7,015,000 after purchasing an additional 26,754 shares in the last quarter. Advisory Resource Group increased its position in shares of Datadog by 23.0% in the 1st quarter. Advisory Resource Group now owns 8,638 shares of the company’s stock valued at $628,000 after acquiring an additional 1,613 shares during the period. Peapack Gladstone Financial Corp increased its position in shares of Datadog by 5.2% in the 1st quarter. Peapack Gladstone Financial Corp now owns 4,035 shares of the company’s stock valued at $293,000 after acquiring an additional 200 shares during the period. SRS Investment Management LLC acquired a new position in shares of Datadog in the 1st quarter valued at $95,013,000. Finally, Gotham Asset Management LLC increased its position in shares of Datadog by 21.9% in the 1st quarter. Gotham Asset Management LLC now owns 29,070 shares of the company’s stock valued at $2,112,000 after acquiring an additional 5,232 shares during the period. 70.93% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
DDOG has been the subject of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $105.00 price objective on shares of Datadog in a report on Thursday, March 9th. Robert W. Baird cut their price objective on Datadog from $100.00 to $80.00 in a report on Tuesday, May 2nd. The Goldman Sachs Group dropped their target price on Datadog from $128.00 to $114.00 and set a “buy” rating for the company in a report on Friday, February 17th. BTIG Research cut Datadog from a “buy” rating to a “neutral” rating in a report on Friday, January 27th. Finally, Capital One Financial initiated coverage on Datadog in a report on Friday, February 17th. They set an “overweight” rating and a $105.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.28.
About Datadog
(Get Rating)
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company’s SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.
See Also
Receive News & Ratings for Datadog Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Datadog and related companies with MarketBeat.com’s FREE daily email newsletter.