On November 29, 2023, David Obstler, the Chief Financial Officer of Datadog Inc (NASDAQ: DDOG), sold 10,000 shares of the company’s stock.
David Obstler has been the CFO at Datadog Inc. since December 2019. Before joining Datadog, Obstler served as CFO in various technology firms. His expertise in the tech sector and understanding of financial markets make his trading actions particularly noteworthy for investors.
Datadog Inc. is a leading provider of cloud-scale monitoring services, offering a platform that empowers companies to monitor their servers, databases, tools, and services through a SaaS-based data analytics system. Datadog’s innovative solutions have made it a preferred choice for companies undergoing digital transformation and seeking to optimize operational performance.
The recent sale by CFO David Obstler is part of a broader trend of insider trading activity at Datadog Inc. Over the past year, Obstler has sold a total of 300,633 shares and hasn’t made any purchases. With 88 insider sells and only one insider buy over the past year, there appears to be a collective decision among insiders to reduce their holdings.
During Obstler’s recent sale, Datadog Inc.’s shares traded at $116.88, indicating a market capitalization of $38.97 billion.
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