On June 10, Datadog fell 3.17% in regular trading, trading at $223.93/share, with trading volume of $387 million.

On the news front, the application software sector saw broad-based selling pressure, with AppLovin Corporation down 9.17%, IREN Ltd down 9.65%, Strategy down 8.73%, Salesforce down 5.11%, and Palantir Technologies down 4.78%. Datadog had previously surged from approximately $220 to nearly $280 after multiple investment banks including Cantor Fitzgerald, Bank of America Securities, and Royal Bank of Canada raised their target prices. Since June 2, the stock has been in continuous retreat, now exceeding a 20% drawdown from its peak.

Adding to the downward pressure, fund managers have expressed caution regarding software stocks, emphasizing the need to observe whether AI-driven revenue re-acceleration can be sustained, which has triggered market concerns over valuation digestion. Meanwhile, Bank of America recently raised its target price to $280 with a Buy rating maintained, providing some longer-term support reference.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)