What Is the Overall Sentiment on Datadog (DDOG) Shares?

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
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.