Datadog chief revenue officer sells shares worth $2.32 million

NEW YORK—Sean Michael Walters, the Chief Revenue Officer of Datadog, Inc. (NASDAQ:DDOG), recently sold 20,024 shares of the company’s Class A Common Stock. The transaction, which took place on March 3, 2025, was executed at an average price of $115.8629 per share, resulting in a total sale value of approximately $2.32 million. The sale comes as Datadog maintains strong financial health with an impressive gross profit margin of 80.81% and a solid market capitalization of $39.44 billion, according to InvestingPro data.

Following this transaction, Walters holds 194,325 shares directly. An additional 8 shares are held indirectly by his son. According to a footnote in the filing, the sale was conducted to cover tax withholding obligations related to the vesting of restricted stock units and performance-based restricted stock units, along with any associated brokerage fees. The company maintains a healthy financial position with a current ratio of 2.64, indicating strong liquidity. For deeper insights into Datadog’s financial health and 16 additional exclusive ProTips, consider accessing the comprehensive research available on InvestingPro.

In other recent news, Datadog has reported significant developments that are drawing attention from investors. The company closed out 2024 with a strong quarter, showcasing a 25% revenue growth that surpassed consensus estimates, as noted by William Blair. This performance was bolstered by contributions from AI-native customers and an annual recurring revenue exceeding $3 billion. Despite conservative guidance, analysts from DA Davidson and William Blair maintain a positive outlook, with DA Davidson setting a price target of $165 and William Blair reiterating an Outperform rating.

Meanwhile, Goldman Sachs has reiterated its Buy rating and a $162 price target, emphasizing Datadog’s strategic investments in observability and infrastructure software. The firm highlighted the company’s potential for competitive displacements and growth in AI-customer revenue. However, Wolfe Research has downgraded Datadog to Peer Perform, citing increased competition and adjustments to revenue forecasts for fiscal years 2025 and 2026.

Needham analysts also expressed confidence in Datadog’s momentum, maintaining a Buy rating and a $160 price target. They highlighted the company’s new product introductions and strategic investments in security solutions as key factors supporting its growth. Overall, these recent developments indicate a mixed yet largely optimistic view of Datadog’s trajectory among analysts, with several firms maintaining strong ratings despite some conservative guidance.

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