Datadog CTO Alexis Le-Quoc sells $10.9m in stock

Datadog's Chief Technology Officer and Director, Alexis Le-Quoc, recently sold a substantial amount of the company's Class A Common Stock. On September 23, 2026, Le-Quoc sold 43,224 shares, which totaled $10,899,987. The price per share varied between $249.2082 and $256.1465. These sales were part of a pre-planned trading strategy, known as a 10b5-1 plan, agreed upon in June 2025.

Prior to selling these shares, Le-Quoc had converted 43,224 shares of Class B Common Stock into Class A Common Stock, which he currently directly holds. Additionally, some of his shares are held indirectly by the Alexis Le-Quoc Revocable Trust. Meanwhile, Datadog experienced impressive revenue growth, with a 36% increase year-over-year in the second quarter.

This led to a revenue of $1.121 billion, surpassing analysts' expectations by $42 million. Following this strong financial performance, several investment firms raised their price targets for Datadog and maintained Buy or Outperform ratings. These analysts cited Datadog's revenue acceleration and strong product growth in AI, as key factors contributing to the company's positive outlook.