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

Vinva Investment Management Ltd cut its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 23.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,245 shares of the company’s stock after selling 2,563 shares during the period. Vinva Investment Management Ltd’s holdings in Datadog were worth $942,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft boosted its stake in shares of Datadog by 1.5% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock worth $657,000 after purchasing an additional 77 shares during the period. Pathstone Holdings LLC boosted its stake in shares of Datadog by 0.4% during the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after purchasing an additional 91 shares during the period. GAMMA Investing LLC boosted its position in Datadog by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after buying an additional 92 shares during the period. HB Wealth Management LLC boosted its position in Datadog by 5.2% in the 2nd quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock valued at $250,000 after buying an additional 95 shares during the period. Finally, WR Wealth Planners LLC boosted its position in Datadog by 31.6% in the 2nd quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock valued at $56,000 after buying an additional 104 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on DDOG shares. Citigroup boosted their price objective on shares of Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Sanford C. Bernstein lowered their price objective on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. BMO Capital Markets boosted their price objective on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Scotiabank lowered their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.96.

Datadog Trading Up 0.5 %

Shares of Datadog stock opened at $152.75 on Friday. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $157.48. The firm has a market capitalization of $51.89 billion, a price-to-earnings ratio of 288.21, a PEG ratio of 19.89 and a beta of 1.10. The firm’s 50 day simple moving average is $128.23 and its two-hundred day simple moving average is $121.26.

Insider Buying and Selling at Datadog

In other Datadog news, CFO David M. Obstler sold 33,334 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $135.95, for a total transaction of $4,531,757.30. Following the transaction, the chief financial officer now owns 314,158 shares in the company, valued at approximately $42,709,780.10. This represents a 9.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Matthew Jacobson sold 9,256 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the completion of the sale, the director now directly owns 48,411 shares in the company, valued at $5,230,808.55. This trade represents a 16.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 541,491 shares of company stock worth $68,927,496. 11.78% of the stock is owned by corporate insiders.

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.