Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Signaturefd LLC

Signaturefd LLC lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,656 shares of the company’s stock after acquiring an additional 152 shares during the period. Signaturefd LLC’s holdings in Datadog were worth $322,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DDOG. Massachusetts Financial Services Co. MA acquired a new stake in shares of Datadog in the third quarter worth $189,668,000. Alkeon Capital Management LLC acquired a new stake in shares of Datadog in the third quarter worth $127,526,000. Vanguard Group Inc. increased its position in shares of Datadog by 4.7% in the third quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock worth $2,416,151,000 after acquiring an additional 1,191,742 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in Datadog during the 3rd quarter valued at $44,939,000. Finally, Eagle Asset Management Inc. grew its holdings in Datadog by 83.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,069,224 shares of the company’s stock valued at $97,396,000 after purchasing an additional 486,582 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Datadog from $138.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Datadog in a report on Friday, February 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $155.00 price target (up from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Needham & Company LLC raised their price target on shares of Datadog from $125.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $152.00 price target on shares of Datadog in a report on Monday. Five equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.70.

Datadog Trading Down 1.4 %

Shares of NASDAQ:DDOG opened at $125.25 on Friday. The company has a market cap of $41.57 billion, a PE ratio of 1,043.75 and a beta of 1.15. The company’s 50-day moving average price is $125.21 and its 200 day moving average price is $116.73. Datadog, Inc. has a fifty-two week low of $63.00 and a fifty-two week high of $138.61. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. Datadog’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) EPS. Sell-side analysts anticipate that Datadog, Inc. will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the transaction, the chief technology officer now owns 247,328 shares of the company’s stock, valued at approximately $33,414,012.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the transaction, the chief technology officer now owns 247,328 shares of the company’s stock, valued at approximately $33,414,012.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David M. Obstler sold 70,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $120.73, for a total transaction of $8,451,100.00. Following the transaction, the chief financial officer now directly owns 275,191 shares in the company, valued at approximately $33,223,809.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 759,908 shares of company stock valued at $97,728,997. Company insiders own 14.97% 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.