Datadog CEO Pomel sells shares

Olivier Pomel, CEO of Datadog, sold shares of Class A Common Stock on July 13 and July 23, 2026, under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2025. The July 13 sale involved 127,000 shares for $32.9 million at $259.00 per share, and the July 23 sale involved 47,054 shares for $11.5 million at $244.79 per share. Pomel also converted 47,054 Class B shares to Class A on July 23. Following these transactions, Pomel directly holds approximately 613,000 Class A shares and beneficially owns about 8.8 million Class B shares. The sales were non-discretionary and part of a stock option exercise. Datadog's stock has performed strongly, with an 85% year-to-date gain and 67% return over the past year, driven by AI-related demand and strong revenue growth. The company reported Q1 2026 revenue of $1 billion, up 32% year-over-year, and forecasted 2026 sales of about $4.3 billion. Several analyst firms have adjusted price targets: Toronto-Dominion Bank — TD Cowen raised to $300, Guggenheim to $300, Citizens JMP to $311, UBS to $315, while Jefferies downgraded to Hold with a $280 target.