The final lockup expiration should be pretty much a non event for Datadog shares. The 20% that were unlocked for insiders in December amounts to over two billion dollars in tradable stock, but so far insider sales total less than a hundred million dollars… Sure the number of tradable shares will increase by over three fold tomorrow, but that doesn’t mean insiders will suddenly go on a selling spree (they already have plenty of tradable shares and are being fairly conservative).
3 Likes