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Insider Sells $4,961,938.92 in Datadog, Inc. (NASDAQ:DDOG) Stock

Insider Sells $4,961,938.92 in Datadog, Inc. (NASDAQ:DDOG) Stock

On January 4, Alexis Le-Quoc, employed as an insider at Datadog, Inc. (NASDAQ: DDOG), sold 71,364 shares. A total of 4,961,938.92 dollars worth of shares were traded at an average price of $69.53 per share, making the total number of shares traded 4,961,938.92 dollars worth. The insider in the company is now the direct owner of 179,370 shares, valued at approximately $12,471,596.10. If you follow this link, you will be taken to the SEC filing in which the sale was disclosed. Please click on the link to proceed.
In addition, Alexis Le-Quoc brought the following transaction(s) to a successful conclusion throughout the past few weeks:
The NASDAQ DDOG increased by $0.64 during regular trading hours on Friday, bringing the price to $64.14 overall. The number of shares that changed hands was 5,091,921, which is lower than the typical volume of 5,451,655 shares. The debt-to-equity ratio is 0.57, the current ratio is 3.23, and the quick ratio is also 3.23. The debt-to-equity, current, and quick ratios all come at the same value. Datadog, Inc. achieved a one-year high price of $184.70 per share, while the company’s one-year low price was $61.34 per share. The price of a share of the company’s stock is currently trading at a moving average of $74.75 for the past 50 days and a moving average of $89.32 for the past 200 days.
On November 3, 2018, the company Datadog (NASDAQ: DDOG) made public the quarterly financial figures it had worked on for the previous few weeks. For the quarter, the company reported earnings per share (EPS) of $0.06, which was $0.02 more than the consensus estimate of n among analysts, which was $0.08. For the quarter, the company reported earnings per share (EPS) of $0.06, which was $0.02 more than the consensus estimate of EPS among analysts, which was $0.08. The return on equity for Datadog was positive, coming in at 0.60%, but the net margin for the company was negative, coming in at 0.91%. The revenue for the quarter came in significantly higher than the $412.15 million analysts had anticipated, coming in at $436.53 million instead. Sell-side analysts forecast Datadog, Inc. will finish the current fiscal year with a loss of 0.1 cents per share.
During the previous few months, hedge funds have either increased or decreased the amount of the company’s stock that they hold. Global Retirement Partners LLC increased its ownership stake in Datadog by investing approximately $27,000 during the year’s second quarter. Dell Group LLC increased its holding in Datadog during the second quarter by purchasing additional shares, bringing its total investment to over $30,000 at the end of the period. During the third quarter, CI Investments Inc. increased the amount of Datadog stock owned by 1,003.2 percent. After purchasing an additional 311 shares during the relevant period, CI Investments Inc. now holds 342 shares of the company’s stock, which have a value of $30,000 each. During the relevant period, these shares were acquired. During the second quarter, CoreCap Advisors LLC spent approximately 32,000 dollars to acquire a further stake in Datadog. During the second quarter, Glassman Wealth Services saw a 294.6% increase in the proportion of Datadog holdings it owned, making this the last and most important point. After making additional purchases of 274 shares during the relevant period, Glassman Wealth Services now has 367 shares of the company’s stock, collectively worth $35,000. These shares were acquired as a result of the questionable period. To the tune of 70.93% of the total, the stock is held by hedge funds and other institutional investors.
DOG has communicated with various research companies and obtained their feedback. Stifel Nicolaus gave the company a “buy” rating in a research report published on Friday, September 16. However, the brokerage firm lowered its price target on Datadog shares from $130.00 to $120.00 during the same period. The report was focused on the company. On October 11, Wells Fargo & Company published the first research note it would be using to cover Datadog. This note was published on Tuesday. They provided the business with an “overweight” rating and projected a price of $120.00 per share for the stock in question. They explained their choice by stating that it was derived from their situation evaluation. In a research note distributed on Thursday, November 3, Needham & Company LLC assigned a “buy” rating to the stock and lowered their price target for Datadog shares from $135.00 to $90.00.
The “buy” rating was included in the report. The company also did not alter its recommendation that investors “buy” the stock. In a research note made public on October 17, the Royal Bank of Canada lowered the “outperform” rating they had previously assigned to Datadog. In addition, they lowered their price target for Datadog from $125 to $100. Canaccord Genuity Group upgraded Datadog from a “hold” rating to a “buy” rating. It decreased its target price for the company from $120.00 to $110.00 in a research report released on Thursday, October 20. The last and most significant modification was made here. Twenty-four different financial analysts have given the company a buy recommendation, while only five have recommended that investors hold onto their shares. The information that Bloomberg.com provided indicates that the stock is currently rated as having an average rating of “Moderate Buy” and a price target of $118.15.
The cloud monitoring and analytics platform developed by Datadog, Inc., is currently available for corporate users in North America and other parts of the world, in addition to IT operations teams and developer groups. The company’s software-as-a-service platform enables real-time observability of the technology stacks of its customers by consolidating and automating several monitoring functions. These functions include infrastructure monitoring, application performance monitoring, log management, and security monitoring.

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