Datadog (NASDAQ:DDOG) CTO Alexis Le-Quoc Sells 43,224 Shares of Company Stock

Datadog, Inc. (NASDAQ:DDOG) CTO Alexis Le-Quoc sold 43,224 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $252.17, for a total transaction of $10,899,796.08. Following the transaction, the chief technology officer directly owned 488,033 shares in the company, valued at $123,067,281.61. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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, September 2nd, Alexis Le-Quoc sold 21,772 shares of Datadog stock. The shares were sold at an average price of $212.90, for a total value 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 value of $9,882,303.12.
• On Monday, August 10th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The stock was sold at an average price of $253.36, for a total value of $13,659,144.32.
• On Monday, July 20th, Alexis Le-Quoc sold 43,224 shares of Datadog stock. The shares were sold at an average price of $265.23, for a total value of $11,464,301.52.
• On Wednesday, July 8th, Alexis Le-Quoc sold 53,912 shares of Datadog stock. The shares were sold at an average price of $257.24, for a total transaction of $13,868,322.88.

Datadog Trading Up 4.4%

NASDAQ DDOG traded up $11.21 during trading hours on Friday, hitting $268.13. 5,307,960 shares of the company were exchanged, compared to its average volume of 5,352,028. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $292.72. The stock has a market cap of $96.28 billion, a PE ratio of 547.22, a price-to-earnings-growth ratio of 24.15 and a beta of 1.49. The stock has a 50-day moving average price of $241.60 and a 200 day moving average price of $205.26.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the firm earned $0.46 EPS. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Analysts forecast that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Datadog from $225.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Oppenheimer increased their target price on shares of Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. Truist Financial upgraded Datadog from a “hold” rating to a “buy” rating and upped their price target for the company from $190.00 to $300.00 in a research report on Monday, June 15th. DA Davidson reaffirmed a “buy” rating and set a $315.00 price target on shares of Datadog in a research report on Friday, August 7th. Finally, Barclays boosted their price objective on shares of Datadog from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $276.66.

Hedge Funds Weigh In On Datadog

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Datadog during the 4th quarter valued at approximately $469,461,000. Employees Provident Fund Board acquired a new position in Datadog in the fourth quarter valued at approximately $251,582,000. First Trust Advisors LP raised its position in shares of Datadog by 81.5% during the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after purchasing an additional 1,654,429 shares during the period. Janus Henderson Group PLC grew its stake in Datadog by 22.8% during the 1st quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after buying an additional 1,439,082 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Datadog by 162.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company’s stock valued at $185,459,000 after buying an additional 971,910 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

About Datadog

Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.