Signaturefd LLC Has $322,000 Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in shares of Datadog in the 4th quarter valued at $25,000. BluePath Capital Management LLC acquired a new stake in shares of Datadog in the 3rd quarter valued at $31,000. Private Trust Co. NA boosted its stake in shares of Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after purchasing an additional 223 shares in the last quarter. AM Squared Ltd acquired a new stake in shares of Datadog in the 3rd quarter valued at $36,000. Finally, Headinvest LLC acquired a new stake in shares of Datadog in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG stock opened at $125.25 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. The stock has a market cap of $41.57 billion, a PE ratio of 1,043.75 and a beta of 1.15. The stock has a 50-day moving average of $125.21 and a 200-day moving average of $116.73. Datadog, Inc. has a one year low of $63.00 and a one year high of $138.61.

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

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 133,315 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at approximately $38,825,916.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Datadog news, CFO David M. Obstler sold 70,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 275,191 shares in the company, valued at approximately $33,223,809.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Olivier Pomel sold 133,315 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the sale, the chief executive officer now owns 299,075 shares in the company, valued at $38,825,916.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 759,908 shares of company stock worth $97,728,997. Company insiders own 14.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on DDOG. Royal Bank of Canada boosted their target price on shares of Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Stifel Nicolaus reiterated a “buy” rating and set a $152.00 price target on shares of Datadog in a research report on Monday. Barclays upped their price target on shares of Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Mizuho upped their price target on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, Needham & Company LLC upped their price target on shares of Datadog from $125.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.70.

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.