Datadog director Amit Agarwal sells $3.49 million in inventory

Along with his direct holdings, Agarwal additionally retains oblique possession of shares by household trusts and his partner, as detailed within the submitting. Based mostly on present analyst consensus, the inventory has worth targets starting from $128 to $230, reflecting blended market sentiment about its valuation ranges. Based mostly on present analyst consensus, the inventory has worth targets starting from $128 to $230, reflecting blended market sentiment about its valuation ranges.

Along with his direct holdings, Agarwal additionally retains oblique possession of shares by household trusts and his partner, as detailed within the submitting. Based mostly on present analyst consensus, the inventory has worth targets starting from $128 to $230, reflecting blended market sentiment about its valuation ranges.

Along with his direct holdings, Agarwal additionally retains oblique possession of shares by household trusts and his partner, as detailed within the submitting.

In different current information, Datadog (NASDAQ:DDOG) has reported a 26% year-over-year income enhance, reaching $690 million. TD Cowen analysts maintained a Purchase ranking on Datadog, with a gentle goal of $165, predicting a powerful fourth quarter for the corporate. Guggenheim, nonetheless, maintains a impartial place on Datadog, citing the corporate’s present valuation and potential dangers related to its steering. In the meantime, Morgan Stanley (NYSE:MS) has downgraded Datadog’s inventory to Equal-weight, indicating a balanced risk-reward state of affairs.

UBS maintains a Purchase ranking on Datadog, elevating its worth goal to $175 from $150, emphasizing the corporate’s long-term development alternatives. Loop Capital additionally maintains a Purchase ranking, projecting a big Free Money Movement of $7.9 billion by FY34. These are current developments indicating rising confidence in Datadog’s long-term development prospects.

Along with these rankings, Datadog has expanded its Board of Administrators with the appointment of Amit Agarwal. This transfer additional underscores the corporate’s dedication to development and strategic development.

This text was generated with the assist of AI and reviewed by an editor. For extra data see our T&C.