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

Signaturefd LLC lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 9.3% during the 4th quarter, Holdings Channel reports. The firm owned 2,767 shares of the company’s stock after buying an additional 235 shares during the period. Signaturefd LLC’s holdings in Datadog were worth $395,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in shares of Datadog during the fourth quarter worth about $14,884,000. ARK Investment Management LLC lifted its position in shares of Datadog by 62.7% during the fourth quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock worth $18,188,000 after purchasing an additional 49,050 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Datadog by 140.1% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company’s stock worth $7,590,000 after purchasing an additional 30,998 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of Datadog by 15.8% during the fourth quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock worth $1,558,234,000 after purchasing an additional 1,484,562 shares in the last quarter. Finally, Atom Investors LP acquired a new stake in shares of Datadog during the third quarter worth about $1,112,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on DDOG shares. Wolfe Research lowered shares of Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Macquarie restated an “outperform” rating and set a $200.00 target price on shares of Datadog in a research note on Tuesday, February 11th. JMP Securities restated a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Citigroup cut their target price on shares of Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Wells Fargo & Company lowered shares of Datadog from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $152.00 to $140.00 in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Insider Activity at Datadog

In related news, 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 transaction, the director now directly owns 427,785 shares in the company, valued at $60,796,804.20. This trade represents a 1.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Amit Agarwal sold 25,000 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was 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 in the company, valued at $28,956,759.33. The trade was a 11.33 % decrease in their ownership of the stock. 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 three months. Insiders own 11.78% of the company’s stock.

Datadog Trading Down 1.2 %

Shares of DDOG opened at $103.17 on Friday. The firm has a market cap of $35.36 billion, a PE ratio of 202.30, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The company’s 50 day simple moving average is $127.67 and its 200-day simple moving average is $130.80. Datadog, Inc. has a 12-month low of $98.30 and a 12-month high of $170.08.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal 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.