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Datadog, Inc. (NASDAQ:DDOG), a software monitoring company with a market capitalization of $46.24 billion and strong financial health according to InvestingPro metrics, reported that Chief People Officer David Galloreese sold 2,577 shares of Class A Common Stock on September 2, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted-average price of $133.8469, resulting in a total transaction value of $344,923. Prices for the shares sold ranged from $132.92 to $133.85.
Following the transaction, Galloreese directly owns 79,911 shares of Datadog, Inc. The sale was to cover tax withholding obligations related to the vesting of restricted stock units and performance-based restricted stock units, as well as brokerage commission fees, as required by Datadog, Inc.
In other recent news, Datadog has achieved "In Process" status for GovRAMP High Authorization, enhancing its security credentials for the public sector. This development aims to support mission-critical workloads and sensitive data in regulated environments, building on the company’s existing FedRAMP Moderate authorization. In financial updates, Datadog’s second-quarter 2025 results have impressed analysts, prompting several firms to raise their stock price targets. Cantor Fitzgerald increased its target to $179, citing a strong quarterly report that alleviated market concerns. Bernstein also raised its target to $147, describing the quarter as a "blowout" with a record dollar beat versus guidance. Mizuho adjusted its target to $155, noting a 28% year-over-year revenue growth, which surpassed Wall Street’s expectations. Additionally, Needham reiterated its Buy rating, maintaining a price target of $175, with expectations for Annual Recurring Revenue to exceed $3.5 billion next quarter. These developments highlight Datadog’s robust performance and strategic advancements in both market and regulatory domains.
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