Key Points
- Datadog CTO Alexis Le-Quoc sold 43,224 shares on November 24 at an average price of $158.49 for about $6.85 million, leaving him with 352,437 shares worth roughly $55.86 million and representing a 10.92% drop in his ownership.
- The November 24 sale continues a string of recent dispositions (Sep. 2, Oct. 1, Nov. 11 and Nov. 24) by Le-Quoc that have generated just over $31 million in proceeds since September.
- Datadog recently beat quarterly estimates with $0.55 EPS and $885.7M revenue (up 28.4% year-over-year), set FY2025 EPS guidance of 2.00–2.02 and Q4 guidance of 0.54–0.56, and retains a consensus "Moderate Buy" from analysts with an average price target around $207.38.
Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CTO Alexis Le-Quoc sold 43,224 shares of the firm's stock in a transaction on Monday, November 24th. The stock was sold at an average price of $158.49, for a total value of $6,850,571.76. Following the completion of the sale, the chief technology officer directly owned 352,437 shares of the company's stock, valued at $55,857,740.13. This represents a 10.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Alexis Le-Quoc also recently made the following trade(s):
- On Tuesday, November 11th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The shares were sold at an average price of $197.99, for a total value of $10,674,036.88.
- On Wednesday, October 1st, Alexis Le-Quoc sold 41,468 shares of Datadog stock. The shares were sold at an average price of $150.94, for a total transaction of $6,259,179.92.
- On Tuesday, September 2nd, Alexis Le-Quoc sold 55,352 shares of Datadog stock. The stock was sold at an average price of $133.83, for a total transaction of $7,407,758.16.
Datadog Trading Down 0.4%
Shares of DDOG stock opened at $158.40 on Thursday. The stock has a market capitalization of $55.55 billion, a price-to-earnings ratio of 510.97, a PEG ratio of 36.09 and a beta of 1.20. The company's fifty day simple moving average is $160.16 and its two-hundred day simple moving average is $141.47. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66.
Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million during the quarter, compared to analysts' expectations of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm's quarterly revenue was up 28.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. As a group, analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock worth $25,000 after purchasing an additional 22,646 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of Datadog by 126.6% in the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company's stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in Datadog by 315.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company's stock worth $27,000 after purchasing an additional 145 shares during the period. Westside Investment Management Inc. lifted its stake in Datadog by 74.3% in the third quarter. Westside Investment Management Inc. now owns 176 shares of the company's stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in Datadog during the third quarter valued at about $27,000. Institutional investors own 78.29% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on DDOG. Canaccord Genuity Group boosted their price objective on shares of Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a research note on Monday, November 3rd. Sanford C. Bernstein boosted their price target on shares of Datadog from $170.00 to $180.00 and gave the company an "outperform" rating in a research report on Friday, November 7th. CIBC upgraded Datadog from a "neutral" rating to a "sector outperform" rating and set a $240.00 price objective on the stock in a research report on Friday, November 7th. Weiss Ratings restated a "sell (d+)" rating on shares of Datadog in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group upped their target price on Datadog from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, November 6th. Thirty-one analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Datadog currently has a consensus rating of "Moderate Buy" and an average price target of $207.38.
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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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