Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lowered its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 62.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,092 shares of the company’s stock after selling 3,553 shares during the period. Sigma Planning Corp’s holdings in Datadog were worth $299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC increased its position in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog in the 4th quarter valued at $30,000. Avior Wealth Management LLC increased its holdings in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares during the period. Finally, Quarry LP acquired a new position in shares of Datadog in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Price Performance

DDOG stock opened at $116.57 on Friday. The company’s 50 day simple moving average is $138.51 and its 200-day simple moving average is $131.74. The firm has a market capitalization of $39.60 billion, a PE ratio of 228.57, a P/E/G ratio of 44.03 and a beta of 1.15. Datadog, Inc. has a 12 month low of $98.80 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 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. As a group, sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the sale, the chief technology officer now owns 324,778 shares in the company, valued at $46,371,802.84. This trade represents a 28.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 556,674 shares of company stock valued at $82,904,025 over the last quarter. Insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on DDOG. Royal Bank of Canada lifted their price objective on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Barclays dropped their price target on Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Macquarie reissued an “outperform” rating and issued a $200.00 target price on shares of Datadog in a report on Tuesday, February 11th. Jefferies Financial Group boosted their target price on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective on shares of Datadog in a research note on Friday, February 14th. One equities 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $158.70.

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.