Vestor Capital LLC Invests $5.19 Million in Datadog, Inc. (NASDAQ:DDOG)

Vestor Capital LLC bought a new position in Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 36,346 shares of the company’s stock, valued at approximately $5,193,000.

Several other large investors also recently bought and sold shares of DDOG. Allworth Financial LP increased its holdings in Datadog by 7.7% in the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock worth $146,000 after buying an additional 75 shares during the period. Spire Wealth Management increased its holdings in Datadog by 21.4% in the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after buying an additional 80 shares during the period. Avior Wealth Management LLC increased its holdings in Datadog by 55.9% in 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 during the period. Pathstone Holdings LLC increased its holdings in Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after buying an additional 91 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Datadog by 5.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock worth $265,000 after buying an additional 92 shares during the period. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 1.8 %

NASDAQ DDOG opened at $105.03 on Friday. Datadog, Inc. has a 52 week low of $98.30 and a 52 week high of $170.08. The business’s fifty day simple moving average is $126.97 and its 200-day simple moving average is $130.72. The firm has a market cap of $36.00 billion, a PE ratio of 205.95, a P/E/G ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Research analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Truist Financial cut their price target on shares of Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, February 14th. DA Davidson raised their price objective on shares of Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Loop Capital raised their price objective on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Macquarie reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Datadog in a research note on Tuesday, February 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price objective on shares of Datadog in a research note on Tuesday, March 4th. One 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the transaction, the chief technology officer now owns 371,865 shares in the company, valued at $37,986,009.75. The trade was a 25.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the transaction, the president now owns 195,667 shares in the company, valued at approximately $28,956,759.33. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 626,412 shares of company stock worth $79,144,334 in the last quarter. Company insiders own 11.78% of the company’s stock.

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.