The transactions were part of a prearranged trading plan, as indicated by a 10b5-1 plan dated August 16, 2024. Following these sales, Agarwal retains ownership of 195,667 shares directly, with additional holdings through family trusts and other indirect means.For investors seeking deeper insights, InvestingPro offers comprehensive analysis including 14+ additional ProTips and a detailed Fair Value assessment for Datadog (NASDAQ:DDOG).Datadog, a prominent player in the software services sector with a market capitalization of $46.8 billion, continues to see active trading by insiders, reflecting ongoing interest and activity within the company.
The transactions were part of a prearranged trading plan, as indicated by a 10b5-1 plan dated August 16, 2024. Following these sales, Agarwal retains ownership of 195,667 shares directly, with additional holdings through family trusts and other indirect means.
Datadog, a prominent player in the software services sector, continues to see active trading by insiders, reflecting ongoing interest and activity within the company.
In other recent news, Datadog has reported a 26% year-over-year revenue increase, reaching $690 million, and maintained strong gross profit margins of 81.24%. The company has expanded its Board of Directors with the appointment of Amit Agarwal as a Class II director, effective January 1, 2025. Analysts from UBS and Loop Capital have maintained their positive outlook on Datadog, with UBS raising its price target to $175 and Loop Capital projecting a significant Free Cash Flow (FCF) of $7.9 billion by FY34. Guggenheim, however, maintains a neutral stance due to Datadog's valuation, despite projecting a 23% growth for the company in fiscal year 2025. These are the recent developments that highlight the growing confidence in Datadog's long-term growth prospects.
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