Alexis Le-Quoc Sells 352,050 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

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Datadog, Inc. (NASDAQ:DDOG) insider Alexis Le-Quoc sold 352,050 shares of the stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $83.22, for a total transaction of $29,297,601.00. Following the completion of the sale, the insider now directly owns 117,262 shares in the company, valued at $9,758,543.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Alexis Le-Quoc also recently made the following trade(s):

  • On Tuesday, February 2nd, Alexis Le-Quoc sold 469,400 shares of Datadog stock. The stock was sold at an average price of $102.68, for a total transaction of $48,197,992.00.

NASDAQ:DDOG opened at $86.60 on Thursday. Datadog, Inc. has a 1 year low of $35.40 and a 1 year high of $119.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 6.49 and a current ratio of 6.49. The stock has a fifty day moving average price of $88.46 and a two-hundred day moving average price of $97.63. The stock has a market capitalization of $26.54 billion, a price-to-earnings ratio of -2,885.70 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, February 11th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.08. The business had revenue of $177.53 million during the quarter, compared to the consensus estimate of $163.30 million. Datadog had a negative net margin of 1.39% and a positive return on equity of 0.38%. On average, analysts predict that Datadog, Inc. will post -0.02 EPS for the current year.

Large investors have recently made changes to their positions in the company. Rehmann Capital Advisory Group purchased a new position in Datadog in the 4th quarter valued at approximately $234,000. Perigon Wealth Management LLC acquired a new stake in Datadog in the fourth quarter valued at $26,000. Advisory Alpha LLC purchased a new position in shares of Datadog in the third quarter valued at $29,000. Freedman Financial Associates Inc. acquired a new position in shares of Datadog during the 4th quarter worth $30,000. Finally, Sowell Financial Services LLC raised its stake in shares of Datadog by 73.1% during the 4th quarter. Sowell Financial Services LLC now owns 393 shares of the company’s stock worth $39,000 after buying an additional 166 shares during the last quarter. 45.72% of the stock is currently owned by institutional investors and hedge funds.

DDOG has been the topic of a number of analyst reports. Morgan Stanley raised their price target on Datadog from $112.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, February 12th. They noted that the move was a valuation call. Rosenblatt Securities assumed coverage on Datadog in a research report on Wednesday, December 16th. They set a “neutral” rating and a $97.00 target price on the stock. Monness Crespi & Hardt raised Datadog from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Thursday, April 1st. Barclays raised their price objective on shares of Datadog from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, February 12th. Finally, Mizuho restated a “buy” rating and issued a $125.00 target price (up previously from $115.00) on shares of Datadog in a report on Friday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $110.89.

About Datadog

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