Slow Capital Inc. Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

Slow Capital Inc. acquired a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 26,891 shares of the company's stock, valued at approximately $3,842,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC raised its holdings in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock valued at $28,000 after purchasing an additional 240 shares during the period. Retirement Wealth Solutions LLC bought a new position in shares of Datadog during the 4th quarter worth approximately $30,000. Avior Wealth Management LLC lifted its position 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 buying an additional 81 shares in the last quarter. Meeder Asset Management Inc. increased 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 purchasing an additional 115 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Datadog during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 178,723 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the transaction, the chief executive officer now owns 379,693 shares in the company, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shardul Shah sold 7,916 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the transaction, the director now owns 435,701 shares in the company, valued at $67,642,580.25. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 642,679 shares of company stock valued at $92,155,421 over the last three months. Insiders own 11.78% of the company's stock.

Datadog Price Performance

Datadog stock traded up $9.73 during mid-day trading on Tuesday, hitting $151.89. The company's stock had a trading volume of 7,922,004 shares, compared to its average volume of 3,835,163. The stock has a market cap of $51.60 billion, a price-to-earnings ratio of 286.59, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14. The business has a 50 day moving average price of $147.68 and a 200-day moving average price of $129.02. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DDOG shares. Robert W. Baird raised their price target on shares of Datadog from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. TD Cowen reiterated a "buy" rating and issued a $165.00 price objective on shares of Datadog in a research note on Tuesday, November 19th. Scotiabank reduced 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 note on Friday, November 8th. Truist Financial lowered shares of Datadog from a "buy" rating to a "hold" rating and reduced their price objective for the company from $170.00 to $150.00 in a research note on Tuesday, January 7th. Finally, Macquarie assumed coverage on shares of Datadog in a research note on Thursday, December 12th. They issued an "outperform" rating and a $200.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $158.45.

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.