TSX higher on employment data
Datadog, Inc. (NASDAQ:DDOG), the $46.2 billion cloud monitoring company known for its impressive ~80% gross profit margins, saw Chief Operating Officer Adam Blitzer sell a total of 16,551 shares of Class A Common Stock on September 2nd and 3rd, 2025, for approximately $2.2 million.
On September 2, Blitzer sold 8,581 shares at a price of $133.8472, totaling $1,148,542. The shares were sold in a range of $132.93 to $133.85.
On September 3, Blitzer sold an additional 8,060 shares in a price range between $131.7748 and $133.4387, for a total value of $1,050,470. These sales were executed under a pre-arranged 10b5-1 trading plan established on August 14, 2024.
Following these transactions, Blitzer directly owns 181,728 shares of Datadog, Inc.
In other recent news, Datadog reported strong second-quarter results for 2025, leading to several investment firms adjusting their price targets. The company’s revenue growth of 28% year-over-year notably surpassed Wall Street’s expectations of 22.5%, as highlighted by Mizuho, which raised its price target to $155 while maintaining an Outperform rating. Cantor Fitzgerald also increased its target to $179, citing a strong quarterly performance that alleviated market concerns about potential in-sourcing by a major AI customer. Bernstein raised its target to $147, describing the quarter as a "blowout" and noting it delivered the largest dollar beat versus guidance in the company’s history. Additionally, Needham reiterated its Buy rating with a price target of $175, projecting Datadog’s Annual Recurring Revenue to exceed $3.5 billion next quarter. Beyond financials, Datadog achieved "In Process" status for GovRAMP High Authorization, enhancing its security credentials for public sector clients. This development supports Datadog’s efforts to handle sensitive data in regulated environments. These updates reflect a period of significant activity and optimism around Datadog’s future prospects.
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