Musk threatens Apple with legal action over App Store bias towards OpenAI
Datadog, Inc. (NASDAQ:DDOG), a $49.4 billion cloud monitoring company with impressive 80% gross margins and strong financial health according to InvestingPro, saw Director Shah Shardul sell 7,924 shares of Class A Common Stock on July 15, 2025, for a total of $1,115,702. The sales occurred in multiple transactions with prices ranging from $139.20 to $141.825 per share.
The sales were executed under a pre-arranged 10b5-1 trading plan established on June 14, 2024. Following these transactions, Shah Shardul indirectly holds 380,281 shares through the 2019 Shah Family Trust and directly holds 2,106 shares. For comprehensive insider trading analysis and 13 additional ProTips about Datadog’s financial outlook, visit InvestingPro.
In other recent news, Datadog reported $2.8 billion in revenue for the twelve months ending March 31, 2025, marking a 26% year-over-year growth, as the company continues to serve approximately 30,500 customers globally. Datadog has expanded its product and service portfolio to Amazon (NASDAQ:AMZN) Web Services’ Asia-Pacific (Sydney) Region, allowing local data storage and processing, which is particularly beneficial for organizations in regulated sectors. In a significant development, Datadog has been added to the S&P 500 Index, a move that TD Cowen believes will attract a broader audience of large-cap and generalist investors.
Morgan Stanley (NYSE:MS) raised its price target for Datadog to $165 from $115, citing the company’s continued innovation and market share growth, although it maintained an Equalweight rating due to elevated expectations. Wedbush also increased its price target to $170 from $140, maintaining an Outperform rating, noting Datadog’s momentum in the observability space, especially with advancements in artificial intelligence. Additionally, TD Cowen reiterated its Buy rating with a $150 price target, highlighting Datadog’s inclusion in the S&P 500 as a key catalyst. These developments reflect Datadog’s ongoing growth and expansion in the tech industry.
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