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
|2023-06-30||Vanguard Group Inc||8%||25,333,133||$2,357,501,295|
|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.