Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CTO Alexis Le-Quoc sold 127,105 shares of the firm's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $125.53, for a total transaction of $15,955,490.65. Following the transaction, the chief technology officer now directly owns 290,412 shares in the company, valued at $36,455,418.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Alexis Le-Quoc also recently made the following trade(s):
- On Monday, March 4th, Alexis Le-Quoc sold 37,168 shares of Datadog stock. The stock was sold at an average price of $128.58, for a total transaction of $4,779,061.44.
- On Monday, February 12th, Alexis Le-Quoc sold 127,105 shares of Datadog stock. The shares were sold at an average price of $135.10, for a total transaction of $17,171,885.50.
Datadog Stock Up 4.0 %
Datadog stock opened at $130.80 on Friday. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The firm's fifty day moving average is $126.74 and its 200 day moving average is $114.27. Datadog, Inc. has a 12-month low of $62.60 and a 12-month high of $138.61. The company has a market capitalization of $43.41 billion, a PE ratio of 1,090.00 and a beta of 1.15.
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Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The business's revenue was up 25.6% on a year-over-year basis. As a group, sell-side analysts predict that Datadog, Inc. will post -0.14 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Anchor Investment Management LLC acquired a new position in Datadog during the fourth quarter worth $25,000. Raleigh Capital Management Inc. bought a new stake in shares of Datadog in the 4th quarter worth $29,000. Private Trust Co. NA grew its stake in shares of Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company's stock worth $31,000 after acquiring an additional 223 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Datadog in the 4th quarter worth $33,000. Finally, Quest Partners LLC bought a new stake in shares of Datadog in the 4th quarter worth $36,000. Institutional investors and hedge funds own 78.29% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on DDOG shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $145.00 price objective (up from $115.00) on shares of Datadog in a research note on Monday, February 12th. Citigroup lifted their price objective on shares of Datadog from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, January 22nd. Truist Financial lifted their price objective on shares of Datadog from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, February 14th. Needham & Company LLC lifted their price objective on shares of Datadog from $125.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, February 13th. Finally, William Blair reissued an "outperform" rating on shares of Datadog in a research note on Friday, February 16th. Six equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company's stock. According to data from MarketBeat, Datadog has a consensus rating of "Moderate Buy" and an average price target of $130.33.
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Datadog Company Profile
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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.
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