Datadog, Inc.

🇺🇸NASDAQ Global Select
Back to all articles
Datadog, Inc. stock analysis DDOG overview
Slightly Bullish +25

Datadog, Inc. $DDOG Shares Purchased by Corient Private Wealth LLC

📈 Corient Private Wealth LLC increased its Datadog holdings by 51.6% in Q4, acquiring 8,292 shares to reach a total stake of 24,356 shares.

📊 Multiple other institutional investors including CoreCap Advisors and NBC Securities raised their stakes significantly during the fourth quarter.

💰 Institutional ownership stands at 78.29% of Datadog's total outstanding stock as of the latest SEC filings.

📉 CEO Olivier Pomel sold 84,698 shares for $19.7 million in a pre-arranged transaction on June 16th.

📉 General Counsel Kerry Acocella sold 5,371 shares for $1.26 million on June 15th under a trading plan.

💸 Insiders have collectively sold 1.46 million shares worth approximately $306 million over the last three months.

📈 Bank of America raised its price target to $280 and maintained a 'buy' rating in a recent report.

📉 Goldman Sachs maintains a 'sell' rating with a lower price objective of $139 despite other upgrades.

🎯 The consensus analyst rating is 'Moderate Buy' with an average target price of $242.09.

📊 Datadog trades at a P/E ratio of 630.99 with a market capitalization of $85.35 billion.

Bullish Signals
  • Corient Private Wealth LLC significantly increased its position by 51.6% in Q4, signaling institutional confidence.
  • CoreCap Advisors raised holdings by 1,461.5%, and NBC Securities increased stakes by 242.6% in the fourth quarter.
  • Bank of America lifted its price target to $280 and reaffirmed a 'buy' rating for the stock.
  • Guggenheim increased its target price to $225 while maintaining a 'buy' recommendation.
  • Craig Hallum initiated coverage with a 'buy' rating, adding to the bullish analyst consensus.
Risk Factors
  • CEO Olivier Pomel sold over $19.7 million in shares recently, representing a 12.14% decrease in his personal ownership.
  • General Counsel Kerry Acocella reduced her stake by 4.03%, selling shares worth approximately $1.26 million.
  • Insiders have sold a total of 1.46 million shares valued at $306 million over the last three months.
  • Goldman Sachs maintains a 'sell' rating with a price objective of $139, which is below current trading levels.
  • The stock carries a very high P/E ratio of 630.99, indicating expensive valuation relative to earnings.
Full Analysis
Datadog, Inc. (NASDAQ: DDOG) saw activity from several institutional investors in the fourth quarter, led by Corient Private Wealth LLC boosting its holdings by 51.6% to own 24,356 shares valued at $3.3 million. Other funds including CoreCap Advisors, NBC Securities, and Rothschild Investment also increased their stakes, while JPL Wealth Management initiated a new position. Collectively, institutional investors and hedge funds now hold 78.29% of the company's outstanding stock. The article details significant insider selling activity, with CEO Olivier Pomel offloading 84,698 shares for approximately $19.7 million and General Counsel Kerry Acocella selling 5,371 shares for about $1.26 million in mid-June. Over the last three months, insiders have sold a total of 1.46 million shares valued at roughly $306 million, leaving them with 6.48% ownership. These transactions were executed under pre-arranged Rule 10b5-1 trading plans. Analyst sentiment remains mixed but generally positive regarding the stock's valuation targets. While Goldman Sachs maintains a 'sell' rating with a price objective of $139, other major firms like Bank of America and Guggenheim have raised their target prices to $280 and $225 respectively, maintaining 'buy' ratings. The consensus rating is currently a 'Moderate Buy' with an average target price of $242.09.