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Datadog's CEO Sellls Over 127,000 Shares for $36.5 Million. Here's a Closer Look at the Transaction.
['Robert Izquierdo', 'The Motley Fool', 'Mon', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
While this transaction reduced the executive's direct common stock position to 612,747 shares, the CEO continues to hold approximately 8.9 million derivative securities, which include both vested and unvested shares.
After the report became public, Datadog shares fell to a close of $229.29 due to the announcement that the tech giant's largest customer was reducing usage, which impacted the Q3 sales forecast.
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Datadog's CEO Sellls Over 127,000 Shares for $36.5 Million.
was originally published by The Motley Fool