'Datadog' CTO Sells Millions in Shares Amid AI Boom, Still Holds Significant Stake

On March 23, Datadog, Inc. (NASDAQ: DDOG) Chief Technology Officer Alexis Le-Quoc converted his Class B common shares into Class A shares and sold just over 30,000 shares on the open market, raising approximately $4.06 million (about 5.5 billion KRW). Filings show he still holds a substantial position in Class A shares, numbering in the millions. That same day, insider Amit Agarwal converted Class B shares held in a family trust into Class A shares, then sold tens of thousands of shares in separate transactions to secure roughly $3.1 million (about 4 billion KRW) in liquidity, while maintaining his stake through the trust and his spouse’s name. On April 1, Agarwal sold an additional 20,000 shares from the same trust, raising about $2.41 million (around 3 billion KRW). All of these trades were executed under a Rule 10b5-1 trading plan established in December 2025, according to the SEC filing.

In its Q4 2025 earnings report, Datadog announced revenue of $953 million (approximately 1.28 trillion KRW), a 29% year-over-year increase, and set full-year 2026 revenue guidance of $4.06 billion to $4.1 billion (around 5.4 trillion to 5.5 trillion KRW). In early April, Guggenheim upgraded its rating on Datadog to “Buy” and raised the price target to $175. As of mid-April, the stock has traded around $120 ahead of the next earnings release, showing increased volatility.

Datadog, headquartered in New York, is a SaaS company specializing in cloud application observability and security. Its platform provides real-time monitoring of large-scale infrastructure—servers, databases, microservices and more. The company is driving growth through AI workload observability and automation capabilities, and will host its annual AI and observability event, DASH 2026, in New York this June.