Datadog director Amit Agarwal sells $3.49 million in stock

Published 24/01/2025, 22:08
Datadog director Amit Agarwal sells $3.49 million in stock

In addition to his direct holdings, Agarwal also retains indirect ownership of shares through family trusts and his spouse, as detailed in the filing. Based on current analyst consensus, the stock has price targets ranging from $128 to $230, reflecting mixed market sentiment about its valuation levels. Based on current analyst consensus, the stock has price targets ranging from $128 to $230, reflecting mixed market sentiment about its valuation levels.

In addition to his direct holdings, Agarwal also retains indirect ownership of shares through family trusts and his spouse, as detailed in the filing. Based on current analyst consensus, the stock has price targets ranging from $128 to $230, reflecting mixed market sentiment about its valuation levels.

In addition to his direct holdings, Agarwal also retains indirect ownership of shares through family trusts and his spouse, as detailed in the filing.

In other recent news, Datadog (NASDAQ:DDOG) has reported a 26% year-over-year revenue increase, reaching $690 million. TD Cowen analysts maintained a Buy rating on Datadog, with a steady target of $165, predicting a strong fourth quarter for the company. Guggenheim, however, maintains a neutral position on Datadog, citing the company's current valuation and potential risks associated with its guidance. Meanwhile, Morgan Stanley (NYSE:MS) has downgraded Datadog's stock to Equal-weight, indicating a balanced risk-reward scenario.

UBS maintains a Buy rating on Datadog, raising its price target to $175 from $150, emphasizing the company's long-term growth opportunities. Loop Capital also maintains a Buy rating, projecting a significant Free Cash Flow of $7.9 billion by FY34. These are recent developments indicating growing confidence in Datadog's long-term growth prospects.

In addition to these ratings, Datadog has expanded its Board of Directors with the appointment of Amit Agarwal. This move further underscores the company's commitment to growth and strategic advancement.

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