36,346 Shares in Datadog, Inc. (NASDAQ:DDOG) Acquired by Vestor Capital LLC

Vestor Capital LLC bought a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,346 shares of the company's stock, valued at approximately $5,193,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DDOG. Quest Partners LLC grew its holdings in shares of Datadog by 2,323.9% during the third quarter. Quest Partners LLC now owns 1,115 shares of the company's stock worth $128,000 after purchasing an additional 1,069 shares during the last quarter. Pathstone Holdings LLC increased its position in Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company's stock valued at $2,664,000 after acquiring an additional 91 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Datadog during the third quarter worth $1,081,000. Finally, First Horizon Advisors Inc. increased its holdings in Datadog by 15.6% in the third quarter. First Horizon Advisors Inc. now owns 940 shares of the company's stock valued at $108,000 after purchasing an additional 127 shares during the period. Institutional investors own 78.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DDOG shares. Wolfe Research cut Datadog from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Wells Fargo & Company lowered shares of Datadog from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $152.00 to $140.00 in a research note on Thursday, February 13th. Stifel Nicolaus downgraded shares of Datadog from a "buy" rating to a "hold" rating and lowered their target price for the stock from $165.00 to $140.00 in a research note on Wednesday, January 29th. Mizuho increased their price target on Datadog from $155.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $143.00 price objective on shares of Datadog in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $158.70.

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Insider Transactions at Datadog

In other Datadog news, President Amit Agarwal sold 25,000 shares of the business's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the sale, the president now owns 195,667 shares of the company's stock, valued at $28,956,759.33. The trade was a 11.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total value of $1,125,021.92. Following the completion of the transaction, the director now owns 427,785 shares of the company's stock, valued at approximately $60,796,804.20. This trade represents a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 626,412 shares of company stock worth $79,144,334 over the last quarter. Corporate insiders own 11.78% of the company's stock.

Datadog Trading Down 2.4 %

Shares of DDOG stock traded down $2.61 during trading hours on Wednesday, hitting $107.97. 2,258,650 shares of the company were exchanged, compared to its average volume of 4,104,969. Datadog, Inc. has a 52-week low of $98.30 and a 52-week high of $170.08. The firm has a fifty day simple moving average of $125.84 and a 200 day simple moving average of $131.03. The stock has a market capitalization of $37.01 billion, a price-to-earnings ratio of 211.71, a P/E/G ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Sell-side analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

About Datadog

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.