Datadog, Inc.

NASDAQ Global Select
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Bullish +65

Caxton Associates LLP Makes New $1.18 Million Investment in Datadog ...

📈 Caxton Associates LLP initiated a new position in Datadog by buying 10,000 shares valued at approximately $1.18 million during the first quarter.

📊 CoreCap Advisors LLC significantly increased its holdings by 1,461.5% in the fourth quarter to own 203 shares worth $28,000.

🏦 Flagship Harbor Advisors and NBC Securities Inc. acquired new positions valued at $31,000 and $32,000 respectively during the fourth quarter.

📉 CEO Olivier Pomel sold 84,698 shares in June for approximately $19.68 million under a pre-arranged Rule 10b5-1 trading plan.

📉 Director Amit Agarwal sold 20,000 shares in July for about $5.35 million, representing a 92.42% decrease in his ownership.

💰 Insiders have collectively sold over 1.37 million shares worth more than $315 million in the last three months.

📈 Barclays raised its price target from $260 to $290 and maintained an 'overweight' rating on Datadog stock.

📈 Canadian Imperial Bank of Commerce increased its price target to $280 with an 'outperform' rating in a recent report.

📈 Canaccord Genuity Group raised its price target from $225 to $250 and reaffirmed its 'buy' rating for the company.

📈 Arete Research lifted its price objective to $340 while maintaining a 'buy' rating in a research report.

📈 Zacks Research upgraded Datadog from a 'hold' to a 'strong-buy' rating in a report issued on July 7th.

📊 The stock currently has an average analyst price target of $261.68 according to MarketBeat data.

Bullish Signals
  • Caxton Associates LLP initiated a new position by purchasing 10,000 shares valued at approximately $1.18 million during the first quarter.
  • CoreCap Advisors LLC significantly increased its holdings by 1,461.5% in the fourth quarter to own 203 shares worth $28,000.
  • Flagship Harbor Advisors and NBC Securities Inc. acquired new positions valued at $31,000 and $32,000 respectively during the fourth quarter.
  • Rothschild Investment LLC boosted its position by 52.5% in the fourth quarter to own 273 shares valued at $37,000.
  • Barclays raised its price target from $260 to $290 and maintained an 'overweight' rating on Datadog stock.
  • Canadian Imperial Bank of Commerce increased its price target to $280 with an 'outperform' rating in a recent report.
  • Canaccord Genuity Group raised its price target from $225 to $250 and reaffirmed its 'buy' rating for the company.
  • Arete Research lifted its price objective to $340 while maintaining a 'buy' rating in a research report.
  • Zacks Research upgraded Datadog from a 'hold' to a 'strong-buy' rating in a report issued on July 7th.
Risk Factors
  • CEO Olivier Pomel sold 84,698 shares in June for approximately $19.68 million under a pre-arranged Rule 10b5-1 trading plan.
  • Director Amit Agarwal sold 20,000 shares in July for about $5.35 million, representing a 92.42% decrease in his ownership.
  • Insiders have collectively sold over 1.37 million shares worth more than $315 million in the last three months.
Full Analysis
Caxton Associates LLP established a new position in Datadog, Inc. (NASDAQ:DDOG) during the first quarter by purchasing 10,000 shares valued at approximately $1.18 million. Several other institutional investors also adjusted their holdings in the fourth quarter, with CoreCap Advisors increasing its stake by 1,461.5% to own 203 shares worth $28,000, while Flagship Harbor Advisors and NBC Securities Inc. acquired new positions valued at $31,000 and $32,000 respectively. Rothschild Investment LLC further boosted its position by 52.5%, bringing its total ownership to 273 shares valued at $37,000. Institutional ownership of Datadog stands at 78.29%, while insider ownership is 6.48%. Notably, CEO Olivier Pomel sold 84,698 shares in June for approximately $19.68 million under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by 12.14%. Director Amit Agarwal also sold 20,000 shares in July for about $5.35 million, resulting in a 92.42% decrease in his holdings. Collectively, insiders have sold over 1.37 million shares worth more than $315 million in the last three months. Analyst sentiment remains positive with multiple firms raising price targets and upgrading ratings. Barclays increased its target from $260 to $290 with an 'overweight' rating, while Canadian Imperial Bank of Commerce raised its target to $280 for an 'outperform' rating. Canaccord Genuity and Arete Research also upgraded their targets to $250 and $340 respectively, maintaining 'buy' ratings. Zacks Research upgraded the stock to a 'strong-buy' rating, contributing to an average analyst price target of $261.68 based on MarketBeat data.