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NEW YORK—Olivier Pomel, Chief Executive Officer of Datadog, Inc. (NASDAQ:DDOG), a $39.4 billion market cap company with impressive gross profit margins of 81% and strong financial health according to InvestingPro, recently sold 37,406 shares of the company’s Class A common stock. The shares were sold at an average price of $115.86 per share, amounting to a total transaction value of approximately $4.33 million.
Following the transaction, Pomel retains ownership of 435,793 shares in Datadog. According to the filing, the sale was required to cover tax withholding obligations related to the vesting of restricted stock units and performance-based restricted stock units, as well as any associated brokerage commission fees.
In other recent news, Datadog has been the focus of several analyst assessments and company developments. William Blair maintained an Outperform rating on Datadog, highlighting a 25% revenue growth that exceeded consensus estimates of 21%, with annual recurring revenue surpassing $3 billion. DA Davidson also reiterated a Buy rating, setting a price target of $165, despite conservative guidance that fell below expectations. Meanwhile, Needham analysts confirmed a Buy rating with a $160 price target, citing strong business momentum and strategic investments in security solutions.
Goldman Sachs maintained a Buy rating and a $162 price target after a virtual roadshow with Datadog’s executives, noting strategic product investments and a solid growth outlook for AI-native customers. However, Wolfe Research downgraded Datadog’s stock to Peer Perform, citing a shift in the growth environment and adjustments to revenue forecasts for fiscal years 2025 and 2026. The firm set a fair value range for the stock between $100 and $140, reflecting limited valuation upside.
These recent developments indicate a mix of optimism and caution among analysts regarding Datadog’s future performance. While some firms express confidence in the company’s growth trajectory, others highlight potential challenges due to industry competition and conservative guidance. Overall, Datadog’s recent earnings and strategic moves continue to be closely watched by investors and analysts alike.
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