Datadog Stock Dips Amid GitLab Acquisition Speculation
Datadog shares fell sharply as investors weighed the potential risks of acquiring GitLab. The cloud monitoring firm's stock dropped 5.53% on Thursday and another 2% in pre-market trading, while GitLab surged 10.6% before retreating.
Reports suggest Datadog may offer over $60 per share for GitLab—a significant premium. Trading volume spiked to seven times the daily average as the market digested the strategic rationale behind combining cloud monitoring with DevSecOps capabilities.