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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/25/2022 | $36.00 → $34.00 | Overweight | Morgan Stanley |
| 2/24/2022 | $32.00 → $29.00 | Buy | Needham |
| 1/25/2022 | $33.00 → $36.00 | Equal-Weight → Overweight | Morgan Stanley |
| 12/29/2021 | $29.00 → $32.00 | Buy | Needham |
| 12/14/2021 | $29.00 | Buy | Needham |
| 10/21/2021 | $38.00 | Outperform | Northland Capital Markets |
| 10/13/2021 | $34.00 → $31.00 | Overweight | Barclays |
| 8/12/2021 | $32.00 → $33.00 | Equal-Weight | Morgan Stanley |
Morgan Stanley reiterated coverage of Datto Holding with a rating of Overweight and set a new price target of $34.00 from $36.00 previously
Needham reiterated coverage of Datto Holding with a rating of Buy and set a new price target of $29.00 from $32.00 previously
Morgan Stanley upgraded Datto Holding from Equal-Weight to Overweight and set a new price target of $36.00 from $33.00 previously
Investors generally consider a 52-week high as a good criterion to determine an entry or exit point for a given stock. However, stocks touching new 52-week highs are often predisposed to profit-taking, resulting in pullbacks and trend reversals. Moreover, given the high price, investors often wonder if the stock is overpriced. While the speculations are not absolutely baseless, all stocks hitting a 52-week high are not necessarily overpriced. In fact, investors might lose out on top gainers in an attempt to avoid the steep prices. Stocks such as AMN Healthcare Services AMN, Otter Tail OTTR, Encore Capital Group ECPG and Cboe Global Markets CBOE are expected to maintain the momentum and ke
Datto Holding (NYSE:MSP) reported quarterly earnings of $0.14 per share. This is a 22.22 percent decrease over earnings of $0.18 per share from the same period last year. The company reported $170.80 million in sales this quarter. This is a 17.87 percent increase over sales of $144.91 million the same period last year.
Monday's session saw 22 companies set new 52-week highs. Key Facts About Today's 52-Week Highs: The largest company on a market cap basis to set a new 52-week high was Valero Energy (NYSE:VLO). The smallest company by market cap to set a new 52-week high was Neovasc (NASDAQ:NVCN). Bankwell Finl Gr (NASDAQ:BWFG)'s stock rose the most, as it traded up 4.18% to reach a new 52-week high. Mountain Crest Acq (NASDAQ:MCAF) declined the most, as it traded down 0.0% after hitting a new 52-week high. Stocks breaking to new 52-week highs on Monday: Valero Energy (NYSE:VLO) shares hit a yearly high of $116.17. The stock traded up 1.85% on the session. Datto Holding (NYSE:MSP) stock set a
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First quarter subscription revenue grew 18% year-over-year to $160.5 million and 20% in constant currency ARR grew 20% year-over-year to $689.3 million Datto Holding Corp. (Datto) (NYSE:MSP), the leading global provider of security and cloud-based software solutions purpose-built for Managed Service Providers (MSPs), today announced its financial results for the first quarter ended March 31, 2022. "We had a strong start to 2022, achieving 20% subscription revenue growth in constant currency terms for the first time since going public," said Tim Weller, Datto's Chief Executive Officer. "We added 700 net new MSP partners during the quarter, our best quarter of partner additions in over two
Next Generation SIRIS 5 Delivers up to 4X More Performance; Cloud Continuity for PCs Extends Vital Protection of Data to Laptops and Desktops Datto Holding Corp. ("Datto") (NYSE:MSP), the leading global provider of security and cloud-based software solutions purpose-built for Managed Service Providers (MSPs), today launches two continuity solutions, including its next generation SIRIS 5 product featuring up to 4X the performance and Cloud Continuity for PCs, improved for today's dynamic, hybrid workforce. Both all-in-one backup and recovery solutions empower MSPs with best-in-class continuity for their small and medium business (SMB) clients. In the event of a physical loss, ransomware, ha
Datto stockholders to receive $35.50 per share in cash Kaseya, a premier provider of unified IT management and security software for managed service providers (MSPs) and small to medium-sized businesses (SMBs), and Datto (NYSE:MSP), a leading global provider of security and cloud-based software solutions purpose-built for MSPs, announced today that they have entered into a definitive agreement for Kaseya to acquire Datto. The all-cash transaction will be funded by an equity consortium led by Insight Partners, with significant investment from TPG Capital and Temasek, and participation from notable investors including Sixth Street. Under the terms of the agreement, Datto stockholders will r
Datto stockholders to receive $35.50 per share in cash Kaseya, a premier provider of unified IT management and security software for managed service providers (MSPs) and small to medium-sized businesses (SMBs), and Datto (NYSE:MSP), a leading global provider of security and cloud-based software solutions purpose-built for MSPs, announced today that they have entered into a definitive agreement for Kaseya to acquire Datto. The all-cash transaction will be funded by an equity consortium led by Insight Partners, with significant investment from TPG Capital and Temasek, and participation from notable investors including Sixth Street. Under the terms of the agreement, Datto stockholders will r
Innovative Threat Detection and Response Technology Builds Upon Datto's Endpoint Security Offering for MSPs Datto Holding Corp. (Datto) (NYSE:MSP), the leading global provider of cloud-based software and security solutions purpose-built for Managed Service Providers (MSPs), today announced that it has acquired threat detection and response company Infocyte, extending Datto's security capabilities that protect, detect, and respond to cyberthreats found within endpoints and cloud environments. Based in Austin, Texas, Infocyte is an innovator in Endpoint Detection and Response (EDR) technologies and Managed Detection and Response (MDR) services. Founded by threat intelligence experts from r
Datto Holding Corp. ("Datto") (NYSE:MSP) the leading global provider of cloud-based software and security solutions purpose-built for delivery by Managed Service Providers (MSPs), today announced it will report fiscal fourth quarter and full-year 2021 operating and financial results after the market close on Wednesday, February 23, 2022. Management will host a conference call and webcast to discuss the Company's financial results at 5:00 pm ET. Datto Fourth Quarter and Full-Year 2021 Results Conference Call When: Wednesday, February 23, 2022 Time: 5:00 pm ET Conference ID: 8751783 Live Call: 1-888-660-6179 (US/Canada Toll-Free) or 1-929-203-1946 (International) Replay: 1-800-770-2030 (US/C
Breach Will Continue to Focus on Growth Opportunities, Firm Infrastructure and Governance Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, today announced it has appointed David A. Breach as President of Vista. As President, Mr. Breach will continue to serve on Vista's Executive Committee and Private Equity Management Committee as well as the investment committees of Vista's private equity funds. He will retain his title of Chief of Operating Officer and continue his management company operational leadership roles and responsibilities, which include oversight across legal, compliance, info