'Datadog' Executives Rush to Sell Shares Worth 50 Billion Won

Datadog, Inc. (DDOG)’s top executives converted their Class B common shares into Class A on May 11 and 18, then sold roughly $40 million worth of stock on the open market under a Rule 10b5-1 trading plan. CEO Olivier Pomel, CTO Alexis Lê-Quôc and executive Amit Agarwal realized about $25 million, $9 million and $4 million, respectively—approximately KRW 50 billion in aggregate. Despite these sales, all three still hold substantial Class A and Class B stakes worth billions of dollars, preserving significant economic interests in the company.

At its annual DASH 2026 event in New York on June 9–10, Datadog unveiled over 100 new features and integrations, strengthening its AI-driven observability and security platform. Following the user conference, U.S. broker‐dealer Stifel reaffirmed its “Buy” rating on Datadog stock with a $305 price target, citing robust customer demand for the core platform as well as new AI and security offerings.

Headquartered in New York, Datadog is a SaaS provider of cloud-application observability and security, delivering a unified platform for monitoring servers, applications, logs and security events. Co-founders Olivier Pomel and Alexis Lê-Quôc have rapidly expanded the business—recent quarterly revenue topped $1 billion—driven by growing infrastructure and security requirements in the AI era.