Peregrine Investment Management Inc. Acquires New Shares in Datadog, Inc. $DDOG

Peregrine Investment Management Inc. acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the first quarter, HoldingsChannel reports. The fund acquired 35,000 shares of the company’s stock, valued at approximately $4,132,000. Datadog accounts for about 3.2% of Peregrine Investment Management Inc.’s investment portfolio, making the stock its 18th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC lifted its position in shares of Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Datadog in the third quarter worth about $27,000. CoreCap Advisors LLC lifted its position in shares of Datadog by 1,461.5% in the fourth quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after buying an additional 190 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Datadog in the fourth quarter worth about $31,000. Finally, NBC Securities Inc. lifted its position in shares of Datadog by 242.6% in the fourth quarter. NBC Securities Inc. now owns 233 shares of the company’s stock worth $32,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity

In related news, Director Dev Ittycheria sold 120,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $248.78, for a total transaction of $29,853,600.00. Following the transaction, the director directly owned 39,235 shares in the company, valued at $9,760,883.30. The trade was a 75.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Olivier Pomel sold 127,141 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $199.84, for a total value of $25,407,857.44. Following the transaction, the chief executive officer owned 835,679 shares in the company, valued at $167,002,091.36. This represents a 13.21% 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. Over the last ninety days, insiders sold 1,272,556 shares of company stock valued at $252,615,825. Corporate insiders own 6.48% of the company’s stock.

Datadog Trading Up 0.1%

Datadog stock opened at $227.63 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. The business’s 50-day simple moving average is $173.74 and its 200-day simple moving average is $146.26. The firm has a market capitalization of $81.03 billion, a PE ratio of 599.04, a PEG ratio of 24.34 and a beta of 1.56. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $278.70.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $960.12 million. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the previous year, the company posted $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. Equities research analysts forecast that Datadog, Inc. will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DDOG shares. KeyCorp boosted their price target on Datadog from $155.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Scotiabank boosted their price target on Datadog from $160.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. BTIG Research boosted their price target on Datadog from $212.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Robert W. Baird set a $210.00 price target on Datadog in a research report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Datadog in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.52.

More Datadog News

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Datadog unveiled 100+ new AI, observability and security capabilities at its DASH 2026 event, including major upgrades to Bits AI, AI Guard, Bring Your Own Cloud, Bits Agent Builder and Agent Console. Investors may view the launch as evidence that DDOG can deepen customer adoption and monetize AI demand. GlobeNewswire article
• Positive Sentiment: Several Wall Street firms turned more bullish after the product rollout, including CIBC raising its target to $280, Evercore lifting its target to $265, and RBC reaffirming an outperform view. Higher targets can reinforce the market’s growth narrative for DDOG. Yahoo Finance article
• Positive Sentiment: Coverage around Datadog’s “agentic AI” push says the company is winning more Wall Street support as analysts point to further upside from autonomous operations and AI security. Yahoo Finance article
• Neutral Sentiment: Datadog’s latest products strengthen its long-term growth story, but the stock’s rich valuation means investors may be weighing execution risk against strong revenue growth and an already elevated multiple. Yahoo Finance article
• Negative Sentiment: CFO David Obstler sold 75,000 shares in a pre-arranged 10b5-1 plan, a move that can weigh on sentiment when investors are already watching insider behavior closely. SEC filing
• Negative Sentiment: CEO Olivier Pomel also sold 127,141 shares under a 10b5-1 plan, adding to a broader pattern of insider sales that may make some investors cautious after the stock’s strong run. SEC filing

Datadog Company Profile

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.