Vontobel Holding Ltd. Acquires 84,688 Shares of Datadog, Inc. (NASDAQ:DDOG)

Vontobel Holding Ltd. lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 56.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 235,991 shares of the company’s stock after acquiring an additional 84,688 shares during the quarter. Vontobel Holding Ltd. owned 0.07% of Datadog worth $27,153,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DDOG. SouthState Corp purchased a new position in Datadog in the 2nd quarter worth $26,000. Riverview Trust Co purchased a new position in shares of Datadog in the first quarter worth about $26,000. Blue Trust Inc. bought a new stake in shares of Datadog in the 2nd quarter valued at about $37,000. Versant Capital Management Inc lifted its stake in shares of Datadog by 216.5% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock valued at $40,000 after acquiring an additional 210 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Datadog by 70.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after acquiring an additional 127 shares during the period. 78.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on DDOG shares. BTIG Research raised Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price target on the stock in a research note on Thursday, August 1st. BNP Paribas assumed coverage on shares of Datadog in a report on Tuesday, October 8th. They set an “outperform” rating and a $150.00 price target for the company. Evercore ISI began coverage on shares of Datadog in a report on Monday, July 15th. They issued an “outperform” rating and a $150.00 price target on the stock. Needham & Company LLC decreased their price objective on shares of Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Wedbush reiterated an “outperform” rating and set a $155.00 target price on shares of Datadog in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.19.

Datadog Trading Down 0.7 %

Shares of NASDAQ:DDOG opened at $126.00 on Thursday. The stock has a fifty day simple moving average of $116.02 and a two-hundred day simple moving average of $119.37. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61. The stock has a market capitalization of $42.15 billion, a price-to-earnings ratio of 393.75, a PEG ratio of 22.85 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The company had revenue of $645.28 million for the quarter, compared to analysts’ expectations of $624.92 million. During the same quarter in the previous year, the business posted $0.36 EPS. Datadog’s revenue was up 26.7% compared to the same quarter last year. As a group, equities research analysts predict that Datadog, Inc. will post 0.42 EPS for the current year.

Insider Activity

In related news, Director Shardul Shah sold 15,832 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $120.02, for a total value of $1,900,156.64. Following the transaction, the director now directly owns 459,449 shares of the company’s stock, valued at approximately $55,143,068.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO David M. Obstler sold 33,333 shares of Datadog stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $130.39, for a total value of $4,346,289.87. Following the completion of the sale, the chief financial officer now directly owns 314,158 shares in the company, valued at $40,963,061.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Shardul Shah sold 15,832 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $120.02, for a total transaction of $1,900,156.64. Following the transaction, the director now owns 459,449 shares in the company, valued at approximately $55,143,068.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 522,012 shares of company stock worth $62,076,371 over the last 90 days. 11.78% of the stock is currently owned by insiders.

Datadog Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.