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Alexis Le-Quoc, Chief Technology Officer of Datadog, Inc. (NASDAQ:DDOG), has recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Le-Quoc sold a total of 127,105 shares of Class A Common Stock on March 12, 2025. The sales were executed at prices ranging from $101.69 to $104.10 per share, amounting to a total value of approximately $12.98 million. The transactions come as Datadog’s stock trades near its 52-week low of $98.30, having declined about 31% year-to-date. According to InvestingPro analysis, the company maintains strong fundamentals with an impressive 81% gross profit margin and a healthy balance sheet.
In addition to the sales, Le-Quoc also converted shares of Class B Common Stock to Class A Common Stock. These conversions included 85,637 shares at a price of $0.3067 per share, 30,780 shares at $0.9092 per share, and 10,688 shares at $10.74 per share. These transactions were valued at a total of $169,039.
The sales and conversions were conducted under a pre-arranged 10b5-1 trading plan dated September 5, 2023. Following these transactions, Le-Quoc retains direct ownership of 371,865 shares of Datadog’s Class A Common Stock.
In other recent news, Datadog has been the focus of several analyst evaluations, highlighting its financial outlook and strategic positioning. Piper Sandler maintained an Overweight rating with a $160 price target, expressing confidence in Datadog’s growth potential and viewing the current stock valuation as an attractive entry point. Needham analysts also reiterated a Buy rating with a $160 price target, noting strong business momentum and the introduction of new products like LLM Observability that enhance Datadog’s offerings. Conversely, Wolfe Research downgraded Datadog to Peer Perform, citing a shift in the growth environment and adjusting their revenue forecasts for fiscal years 2025 and 2026.
Goldman Sachs remains optimistic, maintaining a Buy rating with a $162 price target, and highlighted Datadog’s strategic investments in its observability platform and AI-native customer growth. DA Davidson also affirmed a Buy rating with a $165 price target, despite Datadog’s conservative guidance, emphasizing the company’s strong performance in the last quarter of 2024. These recent developments reflect a mix of confidence and caution among analysts regarding Datadog’s future growth trajectory and market positioning.
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