Announcement • May 10
Datto Holding Corp. Withdraw its Prior Guidance for the Year 2022 Given the pending acquisition by Kaseya, which is subject to regulatory approvals in addition to the satisfaction of customary closing conditions, Datto is withdrawing its prior guidance for full year 2022 and will not be providing guidance going forward. Price Target Changed • Apr 27
Price target increased to US$34.71 Up from US$31.64, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of US$34.66. The company is forecast to post earnings per share of US$0.15 for next year compared to US$0.32 last year. Recent Insider Transactions Derivative • Apr 27
Chief Customer Officer exercised options and sold US$608k worth of stock On the 18th of April, Christopher McCloskey exercised 25k options at a strike price of around US$10.00 and sold these shares for an average price of US$34.69 per share. This trade did not impact their existing holding. As of today, Christopher currently holds no shares directly. Company insiders have collectively sold US$29m more than they bought, via options and on-market transactions in the last 12 months. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Jack Dillon was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 27
Datto Holding Corp. Launches Two Continuity Solutions Datto Holding Corp. launched two continuity solutions, including its next generation SIRIS 5 product featuring up to 4X the performance and Cloud Continuity for PCs, improved 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, hardware failure, or other disasters, Datto provides multiple recovery and restore options whether onsite or remote. Datto's all-in-one complete BCDR solution with immutable backups and the secure Datto Cloud makes SIRIS 5 one of the best last lines of defense against cyberattacks, restoring business operations for SMBs within minutes. With SIRIS 5, partners can expect: Performance: Up to 4X more performance and an upgraded RAM and CPU that provides after disaster recovery performance than ever before. Reliability: Industry-standard server hardware, redundant power supplies, reliable enterprise SAS HDDs, HDD RAID, and advanced diagnostics for improved reliability. Simplicity: Streamlined appliance options consolidate the best features to optimize performance, plus create an easier selection and upgrade process for partners. The SIRIS 5 appliance will run on purpose-built certified hardware powered by Dell. Dell’s world-class server hardware provides the industry-standard in reliability, serviceability, global reach, and supply chain resilience. Each SIRIS 5 device will undergo stepped-up comprehensive quality testing at a Datto facility and is backed by Datto's 5-year warranty. Coupled with Datto's renowned 24/7/365 support, Datto partners will have access to the most robust and reliable business continuity solution Datto has ever offered. Price Target Changed • Apr 16
Price target increased to US$34.71 Up from US$31.64, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of US$34.73. The company is forecast to post earnings per share of US$0.17 for next year compared to US$0.32 last year. Recent Insider Transactions Derivative • Apr 10
Chief Customer Officer notifies of intention to sell stock Christopher McCloskey intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of April. If the sale is conducted around the recent share price of US$27.95, it would amount to US$1.4m. As of today, Christopher currently holds no shares directly (This sale likely refers to shares that have not yet been received). Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Apr 06
Chief Technology Officer recently sold US$126k worth of stock On the 5th of April, Robert Petrocelli sold around 5k shares on-market at roughly US$27.85 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$125k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Apr 02
Chief Revenue Officer notifies of intention to sell stock Sanjay Singh intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of March. If the sale is conducted around the recent share price of US$26.15, it would amount to US$1.3m. Since June 2021, Sanjay's direct individual holding has decreased from 150.00k shares to 137.27k. Company insiders have collectively sold US$19m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Mar 22
Chief Customer Officer exercised options and sold US$385k worth of stock On the 18th of March, Christopher McCloskey exercised 24k options at a strike price of around US$10.00 and sold these shares for an average price of US$26.08 per share. This trade did not impact their existing holding. As of today, Christopher currently holds no shares directly. Company insiders have collectively sold US$19m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Mar 11
Chief Technology Officer exercised options and sold US$1.1m worth of stock On the 8th of March, Robert Petrocelli exercised 94k options at a strike price of around US$11.54 and sold these shares for an average price of US$23.56 per share. This trade did not impact their existing holding. Since March 2021, Robert's direct individual holding has decreased from 157.91k shares to 137.67k. Company insiders have collectively sold US$17m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Mar 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.21 to US$0.15 per share. Revenue forecast steady at US$723.6m. Net income forecast to shrink 47% next year vs 10.0% growth forecast for Software industry in the US . Consensus price target broadly unchanged at US$32.33. Share price fell 5.0% to US$23.90 over the past week. Announcement • Feb 26
Datto Holding Corp. Provides Revenue Guidance for the First Quarter and Full Year of 2022 Datto Holding Corp. provided revenue guidance for the first quarter and full year of 2022. For the quarter, the company expects the total revenue to be in the range of $168 million to $169 million, subscription revenue to be in the range of $158 million to $159 million.For the full year, the company expects the total revenue to be in the range of $720 million to $726 million, subscription revenue to be in the range of $676 million to $682 million. Reported Earnings • Feb 24
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: US$0.31 (up from US$0.16 in FY 2020). Revenue: US$618.7m (up 19% from FY 2020). Net income: US$51.4m (up 129% from FY 2020). Profit margin: 8.3% (up from 4.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 17%, compared to a 49% growth forecast for the industry in the US. Announcement • Feb 15
Datto Holding Corp. Announces Executive Changes Datto Holding Corp. reported that Emily Tabak Epstein has been appointed Datto's General Counsel. The company noted that Epstein replaces retiring General Counsel, Michael Fass, who has held the role since 2013. Epstein will join Datto's Executive team, reporting to CEO Tim Weller. She will lead all legal and compliance strategies globally and serve as a strategic advisor for Datto's executives and board of directors. Announcement • Jan 22
Datto Holding Corp. (NYSE:MSP) acquired Infocyte, Inc. Datto Holding Corp. (NYSE:MSP) acquired Infocyte, Inc. on January 20, 2022.
Datto Holding Corp. (NYSE:MSP) completed the acquisition of Infocyte, Inc. on January 20, 2022. Recent Insider Transactions • Dec 29
Director recently sold US$79k worth of stock On the 23rd of December, Austin McChord sold around 3k shares on-market at roughly US$27.00 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$162k more than they sold in the last 12 months. Announcement • Dec 22
Datto Holding Corp. Releases Tool for MSP Community to Combat Log4j Vulnerability Datto Holding Corp. is encouraging all MSPs to download a free script that it has developed and made available on GitHub for any Remote Monitoring and Management solution. This Endpoint Assessment Tool can uniquely enumerate potentially vulnerable systems, detect intrusion attempts, and inoculate Windows systems against Log4j attacks. A serious zero-day vulnerability in the Apache Log4j logging framework was disclosed. The bug, which allows malicious actors to exploit vulnerable systems remotely, has been given the highest severity score, and governments globally have issued alerts. Within the critical 24 to 48 hour period following the disclosure of the vulnerability, Datto first declared its products safe for use. Datto immediately began sharing active threat intelligence with the MSP community about attacks it observed to help MSPs understand the Log4j threat and how it was being exploited. Datto packaged quality contributions from the security community into an MSP-friendly form and released two different versions of an Endpoint Assessment Tool to help Datto partners and all MSPs detect and respond to potential exploitations. The adoption of the component created for Datto RMM has been utilized by almost 50% of all Datto RMM partners, which represents millions of scans of endpoints by MSPs for vulnerabilities at client-sites that are small and medium businesses. Unlike other scanners, scripts, and tools made in the wake of Log4Shell, which only scan the system for insecure JAR files, Datto’s tool goes a step further. It provides the ability to search the contents of server logs to detect intrusion attempts as well as inoculate Windows systems against Log4j attacks. Weeks provides the following advice for MSPs: update all Java applications which use Log4j, Restrict outbound network access from affected hosts so Java classes can not be downloaded from remote locations, Talk to vendors about their posture with regards to Log4j and how they are assessing their own vendors. Recent Insider Transactions Derivative • Dec 05
CEO & Director exercised options and sold US$1.2m worth of stock On the 1st of December, Timothy Weller exercised 80k options at a strike price of around US$10.00 and sold these shares for an average price of US$24.64 per share. This trade did not impact their existing holding. For the year to December 2020, Timothy's total compensation was 63% salary and 37% non-salary. As of today, Timothy currently holds no shares directly. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Dec 03
Independent Director recently bought US$240k worth of stock On the 26th of November, Adrian Dillon bought around 10k shares on-market at roughly US$24.04 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Recent Insider Transactions Derivative • Nov 26
General Counsel exercised options and sold US$237k worth of stock On the 23rd of November, Michael Fass exercised 18k options at a strike price of around US$10.00 and sold these shares for an average price of US$23.52 per share. This trade did not impact their existing holding. As of today, Michael currently holds no shares directly. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS US$0.083 (vs US$0.14 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$157.9m (up 21% from 3Q 2020). Net income: US$13.5m (down 31% from 3Q 2020). Profit margin: 8.5% (down from 15% in 3Q 2020). The decrease in margin was driven by higher expenses. Recent Insider Transactions Derivative • Oct 29
General Counsel exercised options and sold US$243k worth of stock On the 26th of October, Michael Fass exercised 18k options at a strike price of around US$10.00 and sold these shares for an average price of US$23.88 per share. This trade did not impact their existing holding. As of today, Michael currently holds no shares directly. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Sep 30
General Counsel exercised options and sold US$250k worth of stock On the 27th of September, Michael Fass exercised 18k options at a strike price of around US$10.00 and sold these shares for an average price of US$24.27 per share. This trade did not impact their existing holding. As of today, Michael currently holds no shares directly. Company insiders have collectively sold US$10m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Sep 15
Datto Announces Availability of Datto Continuity for Microsoft Azure Datto Holding Corp. announced the commercial availability of Datto Continuity for Microsoft Azure, a comprehensive Business Continuity and Disaster Recovery (BCDR) solution that protects MSPs and their clients’ data in the public cloud in the event of malicious ransomware attacks, security breaches, and vendor outages. Datto Continuity for Microsoft Azure is architected to leverage the secure Datto Cloud to address a critical and unmet need for MSPs--the added protection and recovery of data in the public cloud through multi-cloud replication. This comprehensive data protection, management, and streamlined recovery is delivered at a predictable cost and without the need for MSPs to piece together individual technologies or depend solely on Microsoft’s data backup services. Major Estimate Revision • Aug 18
Consensus EPS estimates increase to US$0.21 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$599.8m to US$611.0m. EPS estimate increased from US$0.12 to US$0.21 per share. Net income forecast to shrink 33% next year vs 4.5% growth forecast for Software industry in the US . Consensus price target up from US$31.80 to US$33.20. Share price was steady at US$26.23 over the past week. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS US$0.10 (vs US$0.065 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$151.6m (up 22% from 2Q 2020). Net income: US$16.9m (up 93% from 2Q 2020). Profit margin: 11% (up from 7.0% in 2Q 2020). The increase in margin was driven by higher revenue. Announcement • Aug 12
Datto Holding Corp. Provides Earnings Guidance for the Third Quarter and Full Year 2021 Datto Holding Corp. provided earnings guidance for the third quarter and full year 2021. For the third quarter, the company expects revenues to be in the range of $153 million to $155 million.
For the full year, the company expects revenues to be in the range of $608 million to $612 million. Recent Insider Transactions Derivative • Jul 24
Chief Revenue Officer exercised options and sold US$166k worth of stock On the 20th of July, Sanjay Singh exercised 10k options at a strike price of around US$10.47 and sold these shares for an average price of US$27.11 per share. This trade did not impact their existing holding. Since December 2020, Sanjay's direct individual holding has increased from 107.45k shares to 150.00k. Company insiders have collectively sold US$6.1m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jun 24
Chief Revenue Officer notifies of intention to sell stock Sanjay Singh intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of June. If the sale is conducted around the recent share price of US$26.45, it would amount to US$265k. Since December 2020, Sanjay's direct individual holding has increased from 107.45k shares to 150.00k. Company insiders have collectively sold US$3.3m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jun 08
Datto Holding Corp. Reintroduces Virtual SIRIS Data Protection Software Datto Holding Corp. reintroduced its Virtual SIRIS (vSIRIS) data protection software. Delivered as a virtual appliance, this software-only version of the Datto SIRIS solution provides MSPs with the flexibility to meet the diverse data protection requirements of their small and medium business (SMB) clients with fully integrated software running on their own hardware. Designed to support private cloud and virtual deployments, vSIRIS provides MSPs with comprehensive, highly scalable software backed by the immutable Datto cloud. Built with the same leading data backup and recovery capabilities as SIRIS, MSPs can protect their clients without the need for Datto hardware. vSIRIS can be installed remotely and runs as a virtual machine (VM) in either VMware ESX or Microsoft Hyper-V. It provides the ability to dynamically add resources to support changing workloads and connects to external storage, including storage area networks (SAN) and network-attached storage (NAS) devices. The MSP-centric design of vSIRIS requires less administrative overhead than many other solutions, and simplifies scaling and management, reducing total cost of ownership for MSPs. Key features include: Reliable Data Protection: Automated, verified backups are stored locally and in the cloud, making them easy to access and ready to address any recovery scenario. Flexible Restores: vSIRIS options include rapid rollback, instant cloud recovery, bare metal restore and everything in between. Global Cloud Infrastructure: Datto’s secure, highly available (99.99999%) private cloud provides a range of data retention options, a choice of regional data centers, and the ability to scale and recover clients’ data and business operations quickly. Reliable Backups: Datto’s proprietary Inverse Chain Technology combats the high failure rates associated with traditional incremental backup to deliver more resilient protection and efficient storage management. Built-In Ransomware Detection: All backups are scanned for ransomware and backup files are resilient against ransomware attacks. Automated Data and Boot Verification: Datto eliminates the need to worry if the system will boot or be recoverable by verifying the backup is good before disaster strikes. Recent Insider Transactions Derivative • May 22
Chief Customer Officer notifies of intention to sell stock Christopher McCloskey intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of May. If the sale is conducted around the recent share price of US$26.13, it would amount to US$1.3m. As of today, Christopher currently holds no shares directly (This sale likely refers to shares that have not yet been received). Company insiders have collectively sold US$432k more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • May 19
Consensus EPS estimates increase to US$0.16 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$587.1m to US$597.7m. EPS estimate increased from US$0.14 to US$0.16 per share. Net income forecast to shrink 38% next year vs 2.3% growth forecast for Software industry in the US . Consensus price target broadly unchanged at US$31.56. Share price rose 5.0% to US$26.17 over the past week. Reported Earnings • May 13
First quarter 2021 earnings released: EPS US$0.095 (vs US$0.01 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$144.9m (up 16% from 1Q 2020). Net income: US$15.3m (up US$13.9m from 1Q 2020). Profit margin: 11% (up from 1.1% in 1Q 2020). The increase in margin was driven by higher revenue. Announcement • May 13
Datto Holding Corp. Provides Earnings Guidance for the Second Quarter and Full Year 2021 Datto Holding Corp. provided earnings guidance for the second quarter and full year 2021. For the quarter, the company expects revenue of $146 million to $148 million.
For the year, the company expects revenue of $594 million to $600 million. Major Estimate Revision • Mar 18
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from US$574.6m to US$587.3m. EPS estimate fell from US$0.25 to US$0.14 per share. Net income forecast to grow 28% next year vs 7.7% growth forecast for Software industry in the US. Consensus price target down from US$35.10 to US$32.20. Share price rose 7.7% to US$26.82 over the past week. Analyst Estimate Surprise Post Earnings • Mar 14
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 13%, compared to a 18% growth forecast for the Software industry in the US. Reported Earnings • Mar 14
Full year 2020 earnings released: EPS US$0.16 (vs US$0.23 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$518.8m (up 13% from FY 2019). Net income: US$22.5m (up US$53.7m from FY 2019). Profit margin: 4.3% (up from net loss in FY 2019). Announcement • Mar 12
Datto Holding Corp. (NYSE:MSP) acquired BitDam LTD. Datto Holding Corp. (NYSE:MSP) acquired BitDam LTD on March 10, 2021.
Datto Holding Corp. (NYSE:MSP) completed the acquisition of BitDam LTD on March 10, 2021. Is New 90 Day High Low • Feb 26
New 90-day low: US$23.23 The company is down 17% from its price of US$27.86 on 27 November 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$29.18 per share. Announcement • Feb 05
Datto Holding Corp. to Report Q4, 2020 Results on Mar 11, 2021 Datto Holding Corp. announced that they will report Q4, 2020 results After-Market on Mar 11, 2021 Announcement • Feb 04
Datto Holding Corp. Announces an Enhanced Global Partner Program Designed to Support and Reward Business Growth for Its Partners Datto Holding Corp. announced an enhanced Global Partner Program designed to support and reward business growth for its partners. Datto partners are revolutionizing IT for small and medium businesses and the Global Partner Program supports their efforts by delivering the technologies, tools, education, and sales and marketing support needed to grow their businesses. Enhancements to the Global Partner Program include the launch of the Datto Help Center and new support processes, a new unified Datto Community, expanded course offerings in Datto Academy, and renaming the partner tiers to better represent the global partner base. Datto’s comprehensive program is structured to provide MSPs with the resources needed to exceed growth aspirations, and has won awards the last four consecutive years for its effectiveness. With features such as MarketNow, a marketing automation platform pre-populated with assets and campaigns, Datto partners have been shown to increase their monthly recurring revenue. Is New 90 Day High Low • Jan 28
New 90-day low: US$24.04 The company is down 18% from its price of US$29.15 on 29 October 2020. The American market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$29.02 per share. Announcement • Nov 10
Datto Holding Corp. to Report Q3, 2020 Results on Nov 23, 2020 Datto Holding Corp. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 23, 2020 Announcement • Oct 27
Datto Holding Corp. Appoints David Breach to Board of Directors On October 20, 2020, David Breach was appointed to the Datto Holding Corp. board of directors. Recent Insider Transactions • Oct 24
Independent Director recently bought US$405k worth of stock On the 20th of October, Adrian Dillon bought around 15k shares on-market at roughly US$27.00 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.