Stryker shares tumble despite strong Q2 results and raised guidance
NEW YORK—Amit Agarwal, a director at Datadog, Inc. (NASDAQ:DDOG), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Agarwal sold a total of 34,000 shares of Datadog’s Class A Common Stock on March 5, 2025. The shares were sold at prices ranging from $113.50 to $115.16, generating approximately $2.85 million in total proceeds. The transaction comes as InvestingPro data shows Datadog trading near its Fair Value, with the stock down about 19% year-to-date despite maintaining impressive gross profit margins of 81%.
Earlier, on March 3, 2025, Agarwal sold an additional 10,167 shares at an average price of $115.86, totaling around $1.18 million. These transactions were conducted under a 10b5-1 trading plan dated August 16, 2024, which allows insiders to set up a predetermined plan for selling stocks.
Following these sales, Agarwal retains direct ownership of 82,324 shares of Datadog’s Class A Common Stock. Additionally, shares are also held indirectly through family trusts.
The transactions reflect Agarwal’s ongoing involvement with Datadog, where he transitioned from his previous role as president to a board member effective January 1, 2025.
In other recent news, Datadog has reported significant developments impacting its market position and investor outlook. William Blair analysts have maintained an Outperform rating on Datadog, highlighting a 25% revenue growth that exceeded the consensus estimate of 21%. This strong performance was supported by Datadog’s annual recurring revenue (ARR) surpassing $3 billion, with notable contributions from log management and application performance monitoring solutions. Meanwhile, Goldman Sachs reiterated its Buy rating with a $162.00 price target, following discussions with Datadog’s CEO and CFO. The firm noted strategic product investments that are expected to strengthen Datadog’s long-term market position.
Despite these positive evaluations, Wolfe Research downgraded Datadog’s stock to Peer Perform, citing increased customer optimization efforts and heightened industry competition. They adjusted their revenue forecasts for fiscal years 2025 and 2026, reflecting a more conservative outlook. DA Davidson, however, maintained a Buy rating with a $165 price target, expressing confidence in Datadog’s growth prospects, despite the company’s conservative guidance.
Additionally, Needham analysts confirmed a Buy rating with a $160.00 price target, emphasizing Datadog’s strategic investments in security solutions and the introduction of new products like LLM Observability. These developments indicate Datadog’s ability to capitalize on industry trends and maintain robust performance, even amid investor concerns.
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