Cloud Monitoring Company 'Datadog' Executives Sell Shares Worth Billions

From March 10 to 23, executives at U.S. cloud observability software firm Datadog, Inc. (NASDAQ: DDOG) sold tens of thousands of their common shares under pre-established Rule 10b5-1 trading plans. On March 10, CTO Alexis Le-Quoc exercised stock options to convert Class B shares into Class A shares, then sold approximately $8 million (about ₩10 billion) of Class A shares on the open market, while retaining a multi-million-share stake through direct and trust holdings. On March 11, Chief Revenue Officer Sean Michael Walters disposed of roughly $2.8 million (about ₩4 billion) of Class A shares. Then on March 23, insider Amit Agarwal converted 20,000 Class B shares into Class A shares via a family trust and sold about $3.1 million (around ₩4 billion) of Class A shares, though he continues to hold part of his stake through trust and spousal accounts.

In its fourth-quarter fiscal 2025 results announced February 10, Datadog reported revenue of about $950 million, up roughly 29% year-over-year, and non-GAAP EPS that beat market estimates. The company provided fiscal 2026 guidance of $4.06 billion to $4.10 billion in revenue and adjusted EPS of $2.08 to $2.16, signaling continued growth.

Headquartered in New York, Datadog is a cloud application observability and security SaaS provider offering a unified platform to monitor servers, databases, applications, logs and other IT infrastructure. The company recently launched its AI product suite, Bits AI, which includes autonomous agents for SRE and security teams, expanding its capabilities from manual monitoring to automated incident response.