EOG Resources completes $5.6 billion acquisition of Encino Acquisition Partners
Amit Agarwal, a director at Datadog, Inc. (NASDAQ:DDOG), a company currently valued at $48.4 billion with an impressive gross profit margin of 81%, recently sold a significant portion of his holdings in the company. According to InvestingPro data, the company maintains excellent financial health with strong growth metrics. According to a recent SEC filing, Agarwal sold 25,000 shares of Datadog’s Class A Common Stock on February 5, 2025. The shares were sold at prices ranging from $141.24 to $144.78, resulting in a total transaction value of approximately $3.58 million. The current stock price sits near its 52-week high of $170.08, suggesting strong market confidence in the company’s performance.
Following these transactions, Agarwal’s direct ownership of Datadog shares stands at 195,667 shares. Additionally, shares are held indirectly through family trusts, with the Agarwal 2018 Family Trust and the Agarwal 2019 Family Trust holding 1,640 and 6,541 shares, respectively.
These sales were executed under a pre-arranged 10b5-1 trading plan dated August 16, 2024. Such plans allow insiders to set up a schedule for selling stocks to avoid any accusations of insider trading.
In other recent news, Datadog has been the subject of several analysts’ reports. UBS has maintained its Buy rating on Datadog stock, reiterating a $175 target. The firm anticipates a solid fourth-quarter earnings report, citing a stable demand environment for Datadog’s services. On the other hand, Stifel analysts downgraded Datadog stock from Buy to Hold, adjusting the price target to $140 from the previous $165. They cited concerns about the company’s revenue growth and margins, predicting challenges for the company in the fiscal year 2025.
TD Cowen analysts maintained a positive outlook on Datadog, reiterating their Buy rating and setting a price target of $165. They anticipate a strong finish for Datadog’s fourth quarter, expecting revenue growth of approximately 25%, which surpasses the company’s own guidance of 21%. Lastly, Guggenheim confirmed its Neutral rating on shares of Datadog, projecting that the company will surpass fourth-quarter 2024 revenue expectations with a 25% increase. However, they expressed concern over the fiscal year 2025 guidance, which could potentially start below the consensus growth rate of 22%.
These recent developments give investors a mixed view of Datadog’s financial health, with varying perspectives from different analysts, all anticipating the company’s upcoming fourth-quarter earnings report.
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