Sigma Planning Corp Has $299,000 Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Sigma Planning Corp trimmed its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 62.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,092 shares of the company's stock after selling 3,553 shares during the quarter. Sigma Planning Corp's holdings in Datadog were worth $299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC bought a new position in shares of Datadog in the fourth quarter worth about $30,000. Avior Wealth Management LLC raised its position in Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after purchasing an additional 81 shares during the last quarter. True Wealth Design LLC lifted its holdings in Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company's stock worth $28,000 after buying an additional 240 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock worth $33,000 after buying an additional 115 shares in the last quarter. Finally, Quarry LP bought a new position in Datadog in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Trading Down 2.9 %

Shares of DDOG stock traded down $3.38 during trading hours on Monday, hitting $113.17. 4,205,290 shares of the company were exchanged, compared to its average volume of 3,981,869. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The business has a 50 day moving average of $137.83 and a two-hundred day moving average of $131.97. The company has a market capitalization of $38.45 billion, a PE ratio of 221.91, a PEG ratio of 44.03 and a beta of 1.15.

Datadog (NASDAQ:DDOG - Get Free Report) last released 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%. On average, research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In other news, Director Shardul Shah sold 7,916 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the sale, the director now owns 435,701 shares of the company's stock, valued at $67,642,580.25. The trade was a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Amit Agarwal sold 25,000 shares of the 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 transaction, the president now owns 195,667 shares of the company's stock, valued at $28,956,759.33. The trade was a 11.33 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 556,674 shares of company stock worth $82,904,025. 11.78% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wolfe Research downgraded Datadog from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Citigroup dropped their price objective on Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a report on Friday, February 14th. TD Cowen reaffirmed a "buy" rating and issued a $165.00 target price on shares of Datadog in a research note on Tuesday, November 19th. JMP Securities reissued a "market perform" rating on shares of Datadog in a research note on Friday, February 14th. Finally, Stifel Nicolaus cut shares of Datadog from a "buy" rating to a "hold" rating and reduced their price objective for the company from $165.00 to $140.00 in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.