Datadog stock is trading -25.56% below its average target price of $105.63 after dropping -1.8% during today's afternoon session. Analysts are giving the large-cap Software company an average rating of buy and target prices ranging from $70.0 to $133.0 per share.
Datadog's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.7%. The stock's short ratio is 2.94. The company's insiders own 7.85% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 78.3%. In conclusion, we believe there is positive market sentiment regarding Datadog.
Institutions Invested in Datadog
Date Reported | Holder | Percentage | Shares | Value |
---|---|---|---|---|
2023-06-30 | Vanguard Group Inc | 8% | 25,333,133 | $1,992,070,967 |
2023-06-30 | Blackrock Inc. | 5% | 15,642,084 | $1,230,015,308 |
2023-06-30 | Baillie Gifford and Company | 3% | 10,391,637 | $817,146,397 |
2023-06-30 | ICONIQ Capital, LLC | 3% | 7,816,902 | $614,682,105 |
2023-09-30 | WCM Investment Management, LLC | 2% | 6,292,305 | $494,795,417 |
2023-06-30 | Price (T.Rowe) Associates Inc | 2% | 6,077,463 | $477,901,315 |
2023-06-30 | Voya Investment Management LLC | 2% | 5,618,308 | $441,795,661 |
2023-06-30 | State Street Corporation | 2% | 5,353,178 | $420,947,163 |
2023-06-30 | Sands Capital Management, LLC | 2% | 4,554,589 | $358,150,115 |
2023-06-30 | Public Investment Fund | 2% | 4,498,845 | $353,766,686 |