Key Points
- CTO Alexis Le‑Quoc sold 53,912 shares of Datadog on Dec. 8 at an average price of $154.05 for $8.31M, cutting his holding by 15.43% to 295,448 shares; this is one of several sizable insider sales in recent months (including Nov. 11, Nov. 24 and Dec. 2).
- Datadog recently beat quarterly expectations (Q3 EPS $0.55 vs. $0.45 est.; revenue $885.6M, +28.4% y/y) but trades at a steep valuation (P/E ~492); analysts collectively rate it a "Moderate Buy" with an average target of $207.38.
Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CTO Alexis Le-Quoc sold 53,912 shares of the business's stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $154.05, for a total transaction of $8,305,143.60. Following the sale, the chief technology officer owned 295,448 shares in the company, valued at $45,513,764.40. This represents a 15.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Alexis Le-Quoc also recently made the following trade(s):
- On Tuesday, December 2nd, Alexis Le-Quoc sold 13,765 shares of Datadog stock. The stock was sold at an average price of $158.60, for a total transaction of $2,183,129.00.
- On Monday, November 24th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The shares were sold at an average price of $158.49, for a total transaction of $6,850,571.76.
- 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 stock was sold at an average price of $150.94, for a total value of $6,259,179.92.
Datadog Stock Down 1.1%
NASDAQ:DDOG opened at $152.57 on Wednesday. The business's fifty day moving average price is $163.14 and its 200 day moving average price is $144.15. The firm has a market capitalization of $53.50 billion, a price-to-earnings ratio of 492.16, a PEG ratio of 32.95 and a beta of 1.23. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69.
Datadog (NASDAQ:DDOG - Get Free Report) last released its 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 for 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 business's revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. On average, sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. 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 report on Friday, November 7th. BMO Capital Markets boosted their target price on Datadog from $154.00 to $215.00 and gave the company an "outperform" rating in a research note on Friday, November 7th. KeyCorp raised Datadog from a "sector weight" rating to an "overweight" rating and set a $230.00 target price on the stock in a research report on Friday, November 7th. Bank of America boosted their price target on Datadog from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, November 7th. Finally, Jefferies Financial Group raised their price objective on shares of Datadog from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, November 6th. Thirty-one research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $207.38.
Read Our Latest Research Report on Datadog
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC boosted its position in shares of Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company's stock valued at $25,000 after acquiring an additional 100 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in Datadog by 315.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company's stock valued at $27,000 after purchasing an additional 145 shares during the period. Westside Investment Management Inc. grew its position in Datadog by 74.3% in the 3rd 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. JPL Wealth Management LLC acquired a new stake in Datadog in the 3rd quarter worth $27,000. Finally, Tripletail Wealth Management LLC bought a new position in shares of Datadog during the 3rd quarter worth about $28,000. 78.29% of the stock is owned by institutional investors.
About Datadog
(
Get Free Report)
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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