36,346 Shares in Datadog, Inc. (NASDAQ:DDOG) Purchased by Vestor Capital LLC

Vestor Capital LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 36,346 shares of the company’s stock, valued at approximately $5,193,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DDOG. Quest Partners LLC grew its position in Datadog by 2,323.9% in the 3rd quarter. Quest Partners LLC now owns 1,115 shares of the company’s stock valued at $128,000 after acquiring an additional 1,069 shares in the last quarter. Pathstone Holdings LLC grew its position in Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after acquiring an additional 91 shares in the last quarter. Meeder Asset Management Inc. grew its position in Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Datadog in the 3rd quarter valued at about $1,081,000. Finally, First Horizon Advisors Inc. grew its position in Datadog by 15.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 940 shares of the company’s stock valued at $108,000 after acquiring an additional 127 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the transaction, the president now owns 195,667 shares of the company’s stock, valued at $28,956,759.33. This represents a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total value of $1,125,021.92. Following the transaction, the director now directly owns 427,785 shares in the company, valued at $60,796,804.20. This represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 626,412 shares of company stock valued at $79,144,334. Company insiders own 11.78% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Barclays lowered their price objective on Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Rosenblatt Securities boosted their price objective on Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Loop Capital boosted their price objective on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Citigroup lowered their price objective on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Datadog Trading Up 1.8 %

NASDAQ:DDOG opened at $105.03 on Friday. The firm has a market cap of $36.00 billion, a P/E ratio of 205.95, a PEG ratio of 44.03 and a beta of 1.22. The stock’s 50 day simple moving average is $126.97 and its 200-day simple moving average is $130.72. Datadog, Inc. has a 12-month low of $98.30 and a 12-month high of $170.08.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.