Sigma Planning Corp Decreases Stake in Datadog, Inc. (NASDAQ:DDOG)

Sigma Planning Corp reduced its stake in Datadog, Inc. (NASDAQ:DDOG) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,178 shares of the company’s stock after selling 183 shares during the period. Sigma Planning Corp’s holdings in Datadog were worth $386,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Anchor Investment Management LLC purchased a new position in Datadog in the 4th quarter worth approximately $25,000. Private Trust Co. NA increased its stake in shares of Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after buying an additional 223 shares during the period. BluePath Capital Management LLC purchased a new position in shares of Datadog during the third quarter valued at approximately $31,000. AM Squared Ltd purchased a new position in shares of Datadog during the third quarter valued at approximately $36,000. Finally, CVA Family Office LLC purchased a new position in shares of Datadog during the fourth quarter valued at approximately $53,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Up 5.0 %

DDOG stock opened at $131.45 on Friday. Datadog, Inc. has a fifty-two week low of $63.00 and a fifty-two week high of $138.61. The business’s 50-day moving average is $125.25 and its two-hundred day moving average is $117.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. The company has a market cap of $43.62 billion, a price-to-earnings ratio of 1,095.42 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The company had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. During the same quarter in the prior year, the company earned ($0.08) earnings per share. Datadog’s revenue was up 25.6% on a year-over-year basis. As a group, analysts forecast that Datadog, Inc. will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup boosted their target price on Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $155.00 price target (up from $140.00) on shares of Datadog in a research note on Wednesday, February 14th. Mizuho upped their price target on Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Royal Bank of Canada upped their price target on Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Finally, Barclays upped their price target on Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Five research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and a consensus target price of $131.70.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $135.10, for a total value of $17,171,885.50. Following the completion of the sale, the chief technology officer now owns 247,328 shares in the company, valued at $33,414,012.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $135.10, for a total value of $17,171,885.50. Following the completion of the sale, the chief technology officer now owns 247,328 shares in the company, valued at $33,414,012.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Amit Agarwal sold 33,311 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $128.58, for a total value of $4,283,128.38. Following the completion of the sale, the president now owns 294,012 shares of the company’s stock, valued at approximately $37,804,062.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 759,908 shares of company stock valued at $97,728,997. 14.97% of the stock is owned by company insiders.

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.