5 Best SaaS Stocks To Buy Now

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In this piece, we will take a look at the five best SaaS stocks to buy now. If you want to take a deeper look at the SaaS industry, then check out 14 Best SaaS Stocks To Buy Now.

5. Datadog, Inc. (NASDAQ:DDOG)

Number of Hedge Fund Investors In Q2 2023: 78

Datadog, Inc. (NASDAQ:DDOG) is a New York based software company that enables firms to manage and monitor their technology infrastructure. Its shares are rated Buy on average and analysts have set a $105 average share price target for the stock.

As of Q2 2023 end, 78 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in the company. Datadog, Inc. (NASDAQ:DDOG)’s largest hedge fund shareholder is Karthik Sarma’s SRS Investment Management due to its $231 million stake.

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