Vontobel Holding Ltd. Purchases 22,885 Shares of Datadog, Inc. (NASDAQ:DDOG)

Vontobel Holding Ltd. lifted its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 13.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 189,683 shares of the company's stock after buying an additional 22,885 shares during the quarter. Vontobel Holding Ltd. owned about 0.06% of Datadog worth $18,818,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Putney Financial Group LLC acquired a new stake in Datadog in the fourth quarter valued at approximately $32,000. Elequin Capital LP bought a new position in shares of Datadog during the 4th quarter valued at $34,000. Opal Wealth Advisors LLC acquired a new stake in shares of Datadog in the 1st quarter valued at $37,000. Center for Financial Planning Inc. boosted its holdings in Datadog by 1,189.7% in the first quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock worth $37,000 after purchasing an additional 345 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Datadog by 74.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 381 shares of the company's stock worth $38,000 after buying an additional 162 shares during the last quarter. Institutional investors own 78.29% of the company's stock.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of analyst reports. Canaccord Genuity Group reduced their price target on Datadog from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. UBS Group raised their price objective on Datadog from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Needham & Company LLC set a $140.00 target price on Datadog and gave the stock a "buy" rating in a research report on Thursday, June 12th. Jefferies Financial Group reiterated a "buy" rating on shares of Datadog in a report on Tuesday, May 6th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $134.00 price target on shares of Datadog in a research report on Wednesday, May 7th. Six analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company's stock. Based on data from MarketBeat, Datadog currently has a consensus rating of "Moderate Buy" and an average target price of $143.03.

Insider Buying and Selling at Datadog

In other Datadog news, Director Amit Agarwal sold 23,058 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $130.87, for a total transaction of $3,017,600.46. Following the completion of the transaction, the director owned 31,298 shares in the company, valued at $4,095,969.26. This trade represents a 42.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David M. Obstler sold 15,000 shares of Datadog stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $130.25, for a total value of $1,953,750.00. Following the sale, the chief financial officer directly owned 399,270 shares in the company, valued at $52,004,917.50. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 901,778 shares of company stock worth $103,817,113 in the last 90 days. 8.70% of the stock is currently owned by insiders.

Datadog Stock Performance

Shares of DDOG traded up $20.59 on Friday, reaching $155.60. 29,996,674 shares of the stock traded hands, compared to its average volume of 4,545,313. The stock's 50-day moving average price is $118.92 and its 200-day moving average price is $121.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.74 and a quick ratio of 2.74. The firm has a market cap of $53.73 billion, a price-to-earnings ratio of 338.26, a P/E/G ratio of 74.69 and a beta of 1.03. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.04. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The firm had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. During the same quarter in the previous year, the company earned $0.44 earnings per share. The business's revenue was up 24.6% compared to the same quarter last year. Equities 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.