Vontobel Holding Ltd. Has $7.47 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Vontobel Holding Ltd. grew its stake in Datadog, Inc. (NASDAQ:DDOG) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,550 shares of the company’s stock after purchasing an additional 304 shares during the quarter. Vontobel Holding Ltd.’s holdings in Datadog were worth $7,471,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DDOG. PNC Financial Services Group Inc. lifted its stake in shares of Datadog by 25.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,718 shares of the company’s stock valued at $412,000 after purchasing an additional 558 shares during the period. MetLife Investment Management LLC acquired a new stake in Datadog during the 1st quarter worth $2,494,000. Yousif Capital Management LLC raised its stake in Datadog by 9.3% during the 1st quarter. Yousif Capital Management LLC now owns 3,631 shares of the company’s stock worth $550,000 after buying an additional 310 shares during the period. Dimensional Fund Advisors LP raised its stake in Datadog by 11.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 139,546 shares of the company’s stock worth $21,137,000 after buying an additional 14,658 shares during the period. Finally, Blair William & Co. IL raised its stake in Datadog by 20.0% during the 1st quarter. Blair William & Co. IL now owns 10,343 shares of the company’s stock worth $1,567,000 after buying an additional 1,725 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

DDOG has been the topic of several research analyst reports. Barclays raised their price objective on Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Wells Fargo & Company raised their price objective on Datadog from $100.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Citigroup raised their price objective on Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. William Blair reaffirmed an “outperform” rating on shares of Datadog in a research note on Friday, February 16th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $155.00 target price (up previously from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average price target of $130.33.

Datadog Trading Up 0.9 %

Shares of DDOG stock opened at $126.95 on Wednesday. The firm has a 50 day moving average price of $126.45 and a two-hundred day moving average price of $115.43. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $42.13 billion, a PE ratio of 1,057.92 and a beta of 1.16. Datadog, Inc. has a 12-month low of $62.60 and a 12-month high of $138.61.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $589.65 million during the quarter, compared to the consensus estimate of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the business posted ($0.08) earnings per share. As a group, analysts predict that Datadog, Inc. will post -0.14 earnings per share for the current year.

Insider Activity

In other news, CRO Sean Michael Walters sold 20,692 shares of Datadog stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,660,577.36. Following the completion of the sale, the executive now directly owns 182,593 shares in the company, valued at $23,477,807.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CRO Sean Michael Walters sold 20,692 shares of Datadog stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,660,577.36. Following the transaction, the executive now directly owns 182,593 shares of the company’s stock, valued at $23,477,807.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 133,315 shares of Datadog stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the completion of the transaction, the chief executive officer now directly owns 299,075 shares in the company, valued at $38,825,916.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 745,984 shares of company stock worth $95,917,681. Corporate insiders own 14.97% of the company’s stock.

Datadog Company 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.