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.
