Key Points
- Datadog CTO Alexis Le-Quoc sold 49,961 shares for about $8.97 million at an average price of $179.52, under a pre-arranged Rule 10b5-1 plan. He retained 438,072 shares, worth approximately $78.64 million after the sale.
- Datadog reported quarterly revenue of $1.20 billion, up 35.2% year over year, and earnings per share of $0.81, beating analyst estimates of $1.15 billion and $0.64, respectively.
- Despite the earnings beat, the article notes that softer guidance has weighed on the stock. Analysts’ average rating is “Moderate Buy,” with an average price target of $278.43.
Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CTO Alexis Le-Quoc sold 49,961 shares of the firm's stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $179.52, for a total transaction of $8,968,998.72. Following the sale, the chief technology officer owned 438,072 shares in the company, valued at $78,642,685.44. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Alexis Le-Quoc also recently made the following trade(s):
- On Wednesday, October 28th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The shares were sold at an average price of $278.90, for a total transaction of $12,055,173.60.
- On Wednesday, October 7th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The shares were sold at an average price of $273.60, for a total transaction of $14,750,323.20.
- On Wednesday, September 23rd, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The stock was sold at an average price of $252.17, for a total transaction of $10,899,796.08.
- On Wednesday, September 2nd, Alexis Le-Quoc sold 21,772 shares of Datadog stock. The stock was sold at an average price of $212.90, for a total transaction of $4,635,258.80.
- On Tuesday, September 1st, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The stock was sold at an average price of $227.02, for a total transaction of $12,239,102.24.
- On Monday, August 24th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The stock was sold at an average price of $228.63, for a total transaction of $9,882,303.12.
Datadog Trading Up 0.0%
DDOG opened at $184.46 on Friday. The stock has a market capitalization of $66.24 billion, a P/E ratio of 222.15, a P/E/G ratio of 11.10 and a beta of 1.50. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $300.68. The firm's fifty day simple moving average is $244.14 and its 200 day simple moving average is $201.04. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 0.21.
Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.17. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Datadog had a net margin of 6.12% and a return on equity of 7.28%. The company's revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 EPS. As a group, research analysts anticipate that Datadog, Inc. will post 0.82 EPS for the current fiscal year.
Datadog News Summary
Here's some of the latest news about DDOG:
Hedge Funds Weigh In On Datadog
A number of institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC increased its holdings in shares of Datadog by 1,691.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 186,216 shares of the company's stock worth $48,483,000 after acquiring an additional 175,821 shares during the last quarter. Congress Asset Management Co. raised its stake in Datadog by 3.0% in the 3rd quarter. Congress Asset Management Co. now owns 268,825 shares of the company's stock valued at $71,350,000 after acquiring an additional 7,802 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Datadog by 7,711.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 94,048 shares of the company's stock valued at $25,755,000 after purchasing an additional 92,844 shares during the last quarter. Cooper Financial Group lifted its holdings in Datadog by 188.1% during the 3rd quarter. Cooper Financial Group now owns 20,934 shares of the company's stock valued at $5,733,000 after purchasing an additional 13,669 shares during the last quarter. Finally, Saudi Central Bank lifted its holdings in Datadog by 91.6% during the 2nd quarter. Saudi Central Bank now owns 21,867 shares of the company's stock valued at $5,693,000 after purchasing an additional 10,455 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on DDOG shares. Yorkville Ives began coverage on Datadog in a research report on Monday, October 5th. They set an "outperform" rating and a $335.00 price objective for the company. KeyCorp lifted their target price on Datadog from $225.00 to $320.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Stifel Nicolaus set a $245.00 target price on Datadog in a research note on Wednesday, November 4th. Morgan Stanley boosted their target price on Datadog from $225.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $230.00 price target on shares of Datadog in a research report on Wednesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Datadog has an average rating of "Moderate Buy" and an average target price of $278.43.
Check Out Our Latest Research Report on Datadog
Datadog Company Profile
(
Get Free Report)
Datadog, Inc. provides a cloud-based monitoring and security platform that helps organizations observe and manage their technology environments. Its tools collect and analyze data from applications, infrastructure, networks, and other systems to help teams detect issues and improve performance. The company's products include infrastructure monitoring, application performance monitoring, log management, digital experience monitoring, database and network monitoring, and security tools. Datadog also offers capabilities for incident management and cloud security.
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