Vinva Investment Management Ltd Raises Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Vinva Investment Management Ltd lifted its position in Datadog, Inc. (NASDAQ:DDOG) by 76.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,539 shares of the company’s stock after buying an additional 6,294 shares during the period. Vinva Investment Management Ltd’s holdings in Datadog were worth $2,096,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog in the 4th quarter worth approximately $30,000. Avior Wealth Management LLC grew its position in 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 purchasing an additional 81 shares during the last quarter. True Wealth Design LLC grew its position in 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 purchasing an additional 240 shares during the last quarter. Meeder Asset Management Inc. grew its position in 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 purchasing an additional 115 shares during the last quarter. Finally, Quarry LP purchased a new stake in Datadog during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

NASDAQ:DDOG opened at $103.17 on Friday. The company has a fifty day moving average of $127.67 and a two-hundred day moving average of $130.80. The stock has a market capitalization of $35.36 billion, a PE ratio of 202.30, a P/E/G ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a fifty-two week low of $98.30 and a fifty-two week 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 return on equity of 8.28% and a net margin of 6.85%. Research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the sale, the chief technology officer now owns 371,865 shares of the company’s stock, valued at $37,986,009.75. This represents a 25.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $1,125,021.92. Following the sale, the director now directly owns 427,785 shares of the company’s stock, valued at $60,796,804.20. The trade was a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 626,412 shares of company stock valued at $79,144,334 over the last 90 days. 11.78% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on DDOG. Cantor Fitzgerald began coverage on shares of Datadog in a research report on Friday, January 17th. They set an “overweight” rating and a $180.00 target price on the stock. Macquarie reissued an “outperform” rating and set a $200.00 target price on shares of Datadog in a research report on Tuesday, February 11th. Morgan Stanley restated an “equal weight” rating and set a $143.00 price objective on shares of Datadog in a research note on Thursday, January 16th. Needham & Company LLC restated a “buy” rating and set a $160.00 price objective on shares of Datadog in a research note on Tuesday, March 4th. Finally, DA Davidson lifted their price objective on shares of Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

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.