SteelPeak Wealth LLC Acquires New Shares in Datadog, Inc. $DDOG

Posted by George Bondi on Jul 17th, 2026

SteelPeak Wealth LLC acquired a new position in Datadog, Inc. (NASDAQ:DDOG – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,705 shares of the company’s stock, valued at approximately $3,625,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DDOG. Elevation Point Wealth Partners LLC lifted its stake in shares of Datadog by 3.3% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock valued at $242,000 after purchasing an additional 55 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Datadog by 1.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 4,778 shares of the company’s stock worth $622,000 after purchasing an additional 73 shares during the last quarter. Vivaldi Capital Management LP increased its position in shares of Datadog by 2.8% during the 3rd quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock worth $383,000 after purchasing an additional 74 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Datadog by 2.0% in the 4th quarter. Farther Finance Advisors LLC now owns 3,892 shares of the company’s stock valued at $529,000 after buying an additional 78 shares during the period. Finally, Roberts Wealth Advisors LLC raised its holdings in Datadog by 0.6% in the 4th quarter. Roberts Wealth Advisors LLC now owns 14,041 shares of the company’s stock valued at $1,909,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

DDOG has been the subject of several research analyst reports. CICC Research increased their target price on shares of Datadog from $150.00 to $204.00 in a research note on Monday, May 11th. Sanford C. Bernstein downgraded shares of Datadog from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $180.00 to $226.00 in a research note on Monday, July 6th. Wall Street Zen raised shares of Datadog from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Scotiabank upped their price objective on shares of Datadog from $225.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Finally, DA Davidson set a $250.00 price objective on shares of Datadog in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.55.

Check Out Our Latest Research Report on Datadog

Datadog Stock Performance

Shares of Datadog stock opened at $262.32 on Friday. The stock has a market capitalization of $93.38 billion, a price-to-earnings ratio of 690.33, a price-to-earnings-growth ratio of 26.89 and a beta of 1.54. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. The business has a 50-day moving average of $235.50 and a 200 day moving average of $163.88. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $278.70.

Datadog (NASDAQ:DDOG – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $960.12 million. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.64 earnings per share for the current year.

Insider Transactions at Datadog

In related news, Director Dev Ittycheria sold 120,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $248.78, for a total transaction of $29,853,600.00. Following the sale, the director directly owned 39,235 shares of the company’s stock, valued at $9,760,883.30. This represents a 75.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David M. Obstler sold 75,000 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $231.69, for a total transaction of $17,376,750.00. Following the sale, the chief financial officer owned 434,591 shares in the company, valued at approximately $100,690,388.79. This trade represents a 14.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,459,533 shares of company stock valued at $325,887,030. 6.48% of the stock is owned by corporate insiders.

Trending Headlines about Datadog

Here are the key news stories impacting Datadog this week:

Positive Sentiment: Datadog was recognized as a Leader in the 2026 Gartner Magic Quadrant for Observability Platforms for the sixth consecutive year, with Gartner again highlighting its strength in AI and LLM-powered application monitoring. Datadog Named a Leader in the 2026 Gartner® Magic Quadrant™ For Observability Platforms For Sixth Consecutive Year
Positive Sentiment: KeyCorp raised its price target on Datadog to $320 from $225 and kept an overweight rating, signaling stronger analyst confidence in the stock’s growth potential. KeyCorp price target raise
Neutral Sentiment: Datadog announced it will report second-quarter fiscal 2026 results before the market opens on August 6 and host a conference call at 8:00 a.m. ET. Datadog Announces Date of Second Quarter Fiscal Year 2026 Earnings Call
Neutral Sentiment: Market commentary noted Datadog has been gaining attention as an AI and observability play and is nearing a potential technical buy point, reflecting continued investor interest rather than a new fundamental development. AI play Datadog nears a buy point on big money’s appetite for observability technology

About Datadog

(Free Report)

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.