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Kerry Acocella, General Counsel and Secretary of Datadog, Inc. (NASDAQ:DDOG), a company with a market capitalization of $46.29 billion and impressive gross profit margins of nearly 80%, sold a total of 18,113 shares of Class A Common Stock in two separate transactions, netting approximately $2.5 million. According to InvestingPro analysis, the company maintains strong financial health with a "GOOD" overall rating.
On August 29, 2025, Acocella sold 12,971 shares at a price of $139.96 per share, for a total value of $1,815,421. Then, on September 2, 2025, Acocella sold 5,142 shares at a weighted-average price of $133.8475, for a total of $688,243. The prices for these shares ranged from $132.92 to $133.85, with the stock trading near its 52-week high of $170.08.
Following these transactions, Acocella directly owns 97,377 shares of Datadog, Inc. The sale on August 29 was executed under a pre-arranged 10b5-1 trading plan. The sale on September 2 was required by Datadog to cover tax obligations related to the vesting of restricted stock units. The company maintains a healthy liquidity position with a current ratio of 3.43. For deeper insights into Datadog’s financial health and detailed analysis, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Datadog has reported strong second-quarter 2025 results, leading to several analyst firms adjusting their price targets for the company. Cantor Fitzgerald raised its price target to $179, highlighting a "strong beat/raise" quarterly report that exceeded market concerns. Mizuho also increased its target to $155, noting a 28% year-over-year revenue growth, which surpassed Wall Street’s expectation of 22.5%. Similarly, Bernstein adjusted its price target to $147, describing the quarter as a "blowout" with the largest dollar beat versus guidance in the company’s history.
Additionally, Datadog announced it 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. Needham reiterated its Buy rating on Datadog, maintaining a price target of $175 and projecting the company’s Annual Recurring Revenue to exceed $3.5 billion next quarter. These recent developments indicate continued confidence from analysts in Datadog’s performance and growth trajectory.
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