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Alexis Le-Quoc, Chief Technology Officer at Datadog, Inc. (NASDAQ:DDOG), a company currently valued at $39.4 billion with impressive gross profit margins of 81%, recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Le-Quoc disposed of 32,086 shares of Datadog’s Class A Common Stock on March 3, 2025. The shares were sold at an average price of $115.86 each, amounting to a total transaction value of approximately $3.72 million. InvestingPro analysis shows the stock trading near its Fair Value, with analysts maintaining a bullish consensus and setting price targets ranging from $125 to $230.
Following this sale, Le-Quoc retains direct ownership of 371,865 shares. Additionally, a separate holding of 135 shares is maintained indirectly by the Alexis Le-Quoc Revocable Trust. The sale was primarily conducted to cover applicable tax withholding obligations and related brokerage commission fees, as required upon the vesting of restricted stock units and performance-based restricted stock units. The company maintains strong financial health with robust revenue growth of 26% over the last twelve months. For deeper insights into insider trading patterns and comprehensive financial analysis, consider accessing the full Datadog research report on InvestingPro.
In other recent news, Datadog has been in the spotlight following several key developments. William Blair maintained an Outperform rating on Datadog, highlighting a 25% revenue growth that surpassed consensus estimates, with annual recurring revenue (ARR) exceeding $3 billion. This performance was bolstered by significant contributions from its log management and application performance monitoring solutions. Meanwhile, DA Davidson reiterated a Buy rating with a $165 price target, citing strong quarter-end results for 2024 and sustained growth driven by AI-native customers, despite conservative guidance. Goldman Sachs also reaffirmed a Buy rating, maintaining a $162 target, and noted strategic product investments that could strengthen Datadog’s market position. However, Wolfe Research downgraded Datadog to Peer Perform, citing a shift in growth environment and adjustments to revenue forecasts for fiscal years 2025 and 2026. Needham analysts maintained a Buy rating with a $160 target, recognizing Datadog’s momentum and strategic investments in security solutions. These recent developments reflect a mix of confidence and caution among analysts regarding Datadog’s future prospects.
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