Stryker shares tumble despite strong Q2 results and raised guidance
Kerry Acocella, General Counsel and Secretary at Datadog, Inc. (NASDAQ:DDOG), a $39.4 billion market cap company with impressive gross profit margins of 81%, recently sold a portion of her holdings in the company. According to InvestingPro data, Datadog maintains strong financial health with robust liquidity metrics. On March 3, Acocella sold 11,538 shares of Class A Common Stock at an average price of $115.86 per share, totaling approximately $1.34 million. Following this transaction, Acocella retains ownership of 89,821 shares. The sale was conducted to cover tax withholding obligations related to the vesting of restricted stock units and performance-based restricted stock units, along with any associated brokerage fees. Based on InvestingPro analysis, the stock is currently trading near its Fair Value, with 14+ additional ProTips available to subscribers, including detailed insider trading patterns and comprehensive valuation metrics.
In other recent news, Datadog has been the focus of several analyst reports that highlight its financial and strategic developments. William Blair maintained an Outperform rating, emphasizing Datadog’s 25% revenue growth, which surpassed consensus estimates. The company’s annual recurring revenue (ARR) exceeded $3 billion, with significant contributions from log management and application performance monitoring solutions. DA Davidson also reiterated a Buy rating with a $165 price target, noting Datadog’s strong quarter-end performance for 2024, driven by consistent consumption trends and AI-native customer contributions. Meanwhile, Goldman Sachs reaffirmed its Buy rating and $162 price target, highlighting Datadog’s strategic product investments and a positive growth outlook for AI-native customers.
Conversely, Wolfe Research downgraded Datadog to Peer Perform, citing a shift in the growth environment and revised revenue forecasts for fiscal years 2025 and 2026. The firm adjusted its total revenue growth estimates to 19% for FY25 and 20.5% for FY26, reflecting a more cautious outlook. Needham analysts maintained a Buy rating with a $160 price target, noting Datadog’s strong momentum and strategic investments in security solutions. These recent developments underscore the varied perspectives among analysts, reflecting confidence in Datadog’s capabilities while acknowledging challenges in the current market environment.
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