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
|2023-06-30||Vanguard Group Inc||8%||25,333,133||$1,992,070,967|
|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|