AI Monitoring Leader 'Datadog' CTO Retains Stake Worth 1 Trillion Won Despite Selling Shares Worth 9 Billion Won

Datadog insiders Amit Agarwal and CTO Alexis Le-Quoc each converted Class B common shares into Class A shares through family trusts between May 4 and 11, then sold tens of thousands of Datadog shares under a pre-established Rule 10b5-1 trading plan.

Agarwal’s trust generated approximately $7 million in cash from two separate sales—around ₩9 billion—while CTO Le-Quoc disposed of about $7 million worth of shares following option exercises and conversions.

Despite these sales, the two executives and their family trusts still hold several million Datadog shares. Filings show that Le-Quoc’s combined direct and indirect stake is valued at roughly $1 billion (over ₩1 trillion) at current market prices.

In its May 7 release, Datadog reported first-quarter 2026 revenue and earnings per share that exceeded analysts’ estimates, and it raised guidance for both the second quarter and full year 2026.

Management noted in the earnings announcement that customer adoption of its AI-powered features and its observability and security platform is accelerating, with a growing number of large accounts spending more than $100,000 annually.

Headquartered in New York, Datadog is a cloud application observability and security SaaS provider offering a unified platform to monitor servers, databases, logs and security events.

Since its Nasdaq debut in 2019, the company has expanded partnerships with major cloud providers—AWS, Microsoft Azure and Google Cloud—broadening its global enterprise customer base.