DDOG Shares Are Up, But Are Nowhere Near Their 52 Week High.

This morning we watched Datadog rise 2.6% to a price of $93.06 per share. The large-cap Software company is now trading -11.77% below its average target price of $105.47. Analysts have set target prices ranging from $70.0 to $133.0 per share for Datadog, and have given the stock an average rating of buy.

The stock has an average amount of shares sold short at 4.8%, and a short ratio of 3.63. The company's insiders own 7.85% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 78.3% of Datadog's shares being owned by this investor type.

Institutions Invested in Datadog

Date Reported Holder Percentage Shares Value
2023-06-30 Vanguard Group Inc 8% 25,333,133 $2,357,501,295
2023-06-30 Blackrock Inc. 5% 15,642,084 $1,455,652,298
2023-06-30 Baillie Gifford and Company 3% 10,391,637 $967,045,713
2023-06-30 ICONIQ Capital, LLC 3% 7,816,902 $727,440,881
2023-06-30 WCM Investment Management, LLC 2% 6,204,173 $577,360,324
2023-06-30 Price (T.Rowe) Associates Inc 2% 6,077,463 $565,568,691
2023-06-30 Voya Investment Management LLC 2% 5,618,308 $522,839,728
2023-06-30 State Street Corporation 2% 5,353,178 $498,166,731
2023-06-30 Sands Capital Management, LLC 2% 4,554,589 $423,850,041
2023-06-30 Public Investment Fund 2% 4,498,845 $418,662,504

Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Datadog.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.