Datadog shares rose 1.6% this afternoon to a price of $122.56. The stock is still trading within range of its average target price of $118.81, and over the last 52 weeks, it has recorded a 55.0% performance. Analysts have given the large-cap Data Processing Services stock target prices ranging from $95.0 to $140.0 dollars per share, with an average rating of buy.
Datadog's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.9%. The stock's short ratio is 1.87. The company's insiders own 7.63% 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 78.7%. In conclusion, we believe there is mixed market sentiment regarding Datadog.
Institutions Invested in Datadog
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 26,524,875 | $3,251,021,369 |
| 2023-09-30 | Blackrock Inc. | 6% | 17,791,196 | $2,180,577,981 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 4% | 10,849,484 | $1,329,767,032 |
| 2023-09-30 | Baillie Gifford and Company | 3% | 10,150,689 | $1,244,119,222 |
| 2023-09-30 | WCM Investment Management, LLC | 2% | 6,292,305 | $771,216,377 |
| 2023-09-30 | ICONIQ Capital, LLC | 2% | 5,820,474 | $713,386,410 |
| 2023-09-30 | Voya Investment Management LLC | 2% | 5,651,201 | $692,639,464 |
| 2023-09-30 | State Street Corporation | 2% | 5,636,420 | $690,827,831 |
| 2023-09-30 | FMR, LLC | 2% | 5,300,341 | $649,636,307 |
| 2023-09-30 | Public Investment Fund | 1% | 4,498,845 | $551,400,948 |
