Datadog stock is trading -24.76% below its average target price of $105.63 after dropping -2.4% during today's afternoon session. Analysts are giving the large-cap Data Processing Services company an average rating of buy and target prices ranging from $70.0 to $133.0 per share.
The stock has an average amount of shares sold short at 3.7%, and a short ratio of 2.94. 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 | $2,013,350,706 |
| 2023-06-30 | Blackrock Inc. | 5% | 15,642,084 | $1,243,154,602 |
| 2023-06-30 | Baillie Gifford and Company | 3% | 10,391,637 | $825,875,334 |
| 2023-06-30 | ICONIQ Capital, LLC | 3% | 7,816,902 | $621,248,274 |
| 2023-09-30 | WCM Investment Management, LLC | 2% | 6,292,305 | $500,080,930 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 2% | 6,077,463 | $483,006,362 |
| 2023-06-30 | Voya Investment Management LLC | 2% | 5,618,308 | $446,515,019 |
| 2023-06-30 | State Street Corporation | 2% | 5,353,178 | $425,443,813 |
| 2023-06-30 | Sands Capital Management, LLC | 2% | 4,554,589 | $361,975,953 |
| 2023-06-30 | Public Investment Fund | 2% | 4,498,845 | $357,545,699 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Datadog.
