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

Vinva Investment Management Ltd reduced its holdings in Datadog, Inc. (NASDAQ:DDOG) by 23.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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.

Several other large investors have also made changes to their positions in the business. Los Angeles Capital Management LLC boosted its holdings in Datadog by 172.2% during the third quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock worth $4,469,000 after buying an additional 24,574 shares in the last quarter. Heritage Investors Management Corp purchased a new stake in Datadog during the third quarter worth $1,157,000. Jennison Associates LLC boosted its holdings in Datadog by 2.1% during the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock worth $721,811,000 after buying an additional 126,613 shares in the last quarter. Parnassus Investments LLC boosted its holdings in Datadog by 28.4% during the third quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock worth $21,324,000 after buying an additional 40,952 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Datadog by 129.2% during the second quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock worth $79,384,000 after buying an additional 344,431 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Amit Agarwal sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $126.03, for a total value of $18,904,500.00. Following the completion of the transaction, the president now owns 214,275 shares of the company’s stock, valued at approximately $27,005,078.25. This trade represents a 41.18 % decrease in their ownership of the stock. The transaction 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 firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 48,411 shares of the company’s stock, valued at approximately $5,230,808.55. The trade was a 16.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 541,491 shares of company stock valued at $68,927,496. 11.78% of the stock is currently owned by company insiders.

Datadog Price Performance

Shares of DDOG stock opened at $152.75 on Friday. The firm has a market cap of $51.89 billion, a PE ratio of 288.21, a price-to-earnings-growth ratio of 19.89 and a beta of 1.10. The company has a 50-day moving average of $128.23 and a two-hundred day moving average of $121.26. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $157.48.

Analyst Ratings Changes

DDOG has been the topic of a number of recent analyst reports. UBS Group reissued an “underperform” rating on shares of Datadog in a report on Friday, October 18th. DA Davidson increased their price target on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Monness Crespi & Hardt raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Thursday, November 7th. BNP Paribas began coverage on shares of Datadog in a report on Tuesday, October 8th. They set an “outperform” rating and a $150.00 price objective on the stock. Finally, Rosenblatt Securities increased their target price on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.96.

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.