This afternoon we watched Datadog drop -1.6% to a price of $112.28 per share. The Large-Cap Software company is now trading -23.92% below its average target price of $147.59. Analysts have set target prices ranging from $115.0 to $230.0 per share for Datadog, and have given the stock 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 3.3%. The stock's short ratio is 2.77. The company's insiders own 7.11% 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 84.1%. In conclusion, we believe there is positive market sentiment regarding Datadog.
Institutions Invested in Datadog
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 9% | 27,431,107 | $3,079,964,660 |
| 2024-03-31 | Blackrock Inc. | 6% | 19,289,387 | $2,165,812,348 |
| 2024-06-30 | Baillie Gifford and Company | 3% | 9,493,464 | $1,065,926,126 |
| 2024-03-31 | FMR, LLC | 3% | 8,398,676 | $943,003,331 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 3% | 8,177,958 | $918,221,114 |
| 2024-03-31 | State Street Corporation | 2% | 6,150,621 | $690,591,718 |
| 2024-06-30 | Jennison Associates LLC | 2% | 6,146,735 | $690,155,398 |
| 2024-03-31 | Voya Investment Management LLC | 2% | 5,990,473 | $672,610,301 |
| 2024-06-30 | WCM Investment Management, LLC | 2% | 5,362,576 | $602,110,026 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 4,753,717 | $533,747,338 |
