Vontobel Holding Ltd. Sells 69,193 Shares of Datadog, Inc. (NASDAQ:DDOG)

Vontobel Holding Ltd. lessened its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 29.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,798 shares of the company’s stock after selling 69,193 shares during the quarter. Vontobel Holding Ltd.’s holdings in Datadog were worth $23,834,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DDOG. True Wealth Design LLC raised its stake in shares of Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of Datadog during the 4th quarter worth approximately $30,000. Avior Wealth Management LLC raised its stake in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares in the last quarter. Finally, Quarry LP acquired a new position in Datadog during the 3rd quarter valued at approximately $33,000. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on DDOG shares. Morgan Stanley restated an “equal weight” rating and set a $143.00 price target on shares of Datadog in a research note on Thursday, January 16th. Scotiabank cut their price target on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Thursday, November 7th. TD Cowen restated a “buy” rating and set a $165.00 price target on shares of Datadog in a research note on Tuesday, November 19th. Finally, JMP Securities restated a “market perform” rating on shares of Datadog in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.39.

Datadog Stock Performance

NASDAQ:DDOG opened at $131.01 on Friday. The company has a fifty day moving average of $145.85 and a two-hundred day moving average of $130.93. The stock has a market capitalization of $44.51 billion, a PE ratio of 247.19, a P/E/G ratio of 16.83 and a beta of 1.15. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 9.41% and a net margin of 7.58%. Research analysts forecast that Datadog, Inc. will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In other news, General Counsel Kerry Acocella sold 2,488 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the completion of the sale, the general counsel now directly owns 68,758 shares in the company, valued at $10,866,514.32. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Amit Agarwal sold 25,000 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the completion of the sale, the president now owns 195,667 shares of the company’s stock, valued at $28,956,759.33. This trade represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 627,586 shares of company stock worth $92,540,479. Company insiders own 11.78% of the company’s stock.

About Datadog

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.