After this morning's 4.0% surge to $149.62 per share, Datadog might just keep moving past its target price of $152.45. With an average analyst rating of buy, and target prices from $128.0 to $230.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 3.2%, and a short ratio of 3.24. The company's insiders own 2.86% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 80.9% of Datadog's shares being owned by this investor type.
Institutions Invested in Datadog
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 10% | 30,133,702 | $4,508,453,990 |
| 2024-09-30 | Blackrock Inc. | 7% | 20,555,228 | $3,075,370,550 |
| 2024-09-30 | Baillie Gifford and Company | 3% | 9,420,571 | $1,409,458,781 |
| 2024-09-30 | FMR, LLC | 3% | 9,438,655 | $1,412,164,419 |
| 2024-09-30 | Price (T.Rowe) Associates Inc | 2% | 7,060,023 | $1,056,285,379 |
| 2024-09-30 | State Street Corporation | 2% | 6,555,884 | $980,858,620 |
| 2024-09-30 | Jennison Associates LLC | 2% | 6,273,348 | $938,586,995 |
| 2024-09-30 | Voya Investment Management LLC | 2% | 5,492,186 | $821,713,438 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 5,185,557 | $775,837,139 |
| 2024-09-30 | JP Morgan Chase & Company | 2% | 5,149,789 | $770,485,709 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Datadog.
