Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Datadog, a leader in observability and security, is reportedly in advanced talks to acquire Israeli cybersecurity firm Upwind for approximately $1 billion, according to a report by Calcalist.</li><li>The move comes just months after Upwind raised $100 million in a Series A funding round, valuing the startup at roughly $900 million.</li><li>As Datadog continues expanding its product portfolio, especially in cloud-native security and AI observability, the potential acquisition of Upwind signals a strategic push deeper into cloud workload protection and runtime security.</li></ul>

Datadog, a leader in observability and security, is reportedly in advanced talks to acquire Israeli cybersecurity firm Upwind for approximately $1 billion, according to a report by Calcalist.The move comes just months after Upwind raised $100 million in a Series A funding round, valuing the startup at roughly $900 million.As Datadog continues expanding its product portfolio, especially in cloud-native security and AI observability, the potential acquisition of Upwind signals a strategic push deeper into cloud workload protection and runtime security.

Datadog Eyes $1 Billion Upwind Deal: Could This Be A Game-Changer For Cloud Security?

<ul><li>Regarding Datadog's Q1 2025 financial results, the company reported a solid performance with a revenue of $762 million, representing a 25% year-over-year increase.</li><li>This figure surpassed the high end of their guidance.</li><li>Datadog revealed a customer base of approximately 30,500, with about 3,770 customers having an Annual Recurring Revenue (ARR) of $100,000 or more, accounting for 88% of ARR.</li></ul>

Regarding Datadog's Q1 2025 financial results, the company reported a solid performance with a revenue of $762 million, representing a 25% year-over-year increase.This figure surpassed the high end of their guidance.Datadog revealed a customer base of approximately 30,500, with about 3,770 customers having an Annual Recurring Revenue (ARR) of $100,000 or more, accounting for 88% of ARR.

Datadog’s AI Playbook: Will Data Observability Be the Key to Dominating the Future?

<ul><li>Datadog reported its financial results for the fourth quarter of 2024, revealing a strong performance characterized by a 25% year-over-year revenue increase to $738 million, surpassing the high end of its guidance range.</li><li>The company highlighted robust growth in customer adoption, reporting a rise in its total customer base to approximately 30,000, with significant contributions from customers generating over $100,000 in annual recurring revenue (ARR).</li><li>Notably, Datadog marked the expansion of its key products with infrastructure monitoring contributing over $1.25 billion in ARR and both log management and end-to-end application performance management (APM) exceeding $750 million each.</li></ul>

Datadog reported its financial results for the fourth quarter of 2024, revealing a strong performance characterized by a 25% year-over-year revenue increase to $738 million, surpassing the high end of its guidance range.The company highlighted robust growth in customer adoption, reporting a rise in its total customer base to approximately 30,000, with significant contributions from customers generating over $100,000 in annual recurring revenue (ARR).Notably, Datadog marked the expansion of its key products with infrastructure monitoring contributing over $1.25 billion in ARR and both log management and end-to-end application performance management (APM) exceeding $750 million each.

Datadog Inc.: Product Innovations For Sustained Expansion Across Diverse Deployment Scenarios!

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/avepoint-inc" target="_blank" data-smartkarma-citation="entities:37131:1" rel="noopener">AvePoint (AVPT US)</a> , a global provider of data security, governance, and resilience, aims to raise around US$300m in its Singapore secondary listing.</li>
<li>As of FY24, AP had over 25,000 customers who rely on its Confidence Platform to prepare, secure, and optimize their critical data across environments.</li>
<li>In this note, we look at its past performance and other deal dynamics that might impact the listing.</li>
</ul>



AvePoint (AVPT US) , a global provider of data security, governance, and resilience, aims to raise around US$300m in its Singapore secondary listing.
As of FY24, AP had over 25,000 customers who rely on its Confidence Platform to prepare, secure, and optimize their critical data across environments.
In this note, we look at its past performance and other deal dynamics that might impact the listing.


AvePoint SGX Secondary Listing - Strong Growth and Large Client Base but Unclear Metrics

<ul><li>Datadog's third quarter 2024 financial results indicate continued growth and expansion in their operations, though there are a mix of positive and challenging elements to consider.</li><li>Revenue for the quarter was $690 million, representing a 26% increase year-over-year and surpassing the high end of the company's guidance.</li><li>The company added about 2,400 customers over the past year, reaching a total of approximately 29,200.</li></ul>

Datadog's third quarter 2024 financial results indicate continued growth and expansion in their operations, though there are a mix of positive and challenging elements to consider.Revenue for the quarter was $690 million, representing a 26% increase year-over-year and surpassing the high end of the company's guidance.The company added about 2,400 customers over the past year, reaching a total of approximately 29,200.

Datadog Inc.: Sales Capacity & Strategic Market Penetration Driving Our ‘Outperform’ Rating! - Major Drivers

United States

Datadog, Inc. provides software solutions. The Company offers cloud-based monitoring and analytics platform which integrates and automates infrastructure monitoring, application performance monitoring, and log management for real-time observability of customers. Datadog operates worldwide.

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Datadog (DDOG US)

Datadog Eyes $1 Billion Upwind Deal: Could This Be A Game-Changer For Cloud Security?

Datadog, a leader in observability and security, is reportedly in advanced talks to acquire Israeli cybersecurity firm Upwind for approximately $1...

Baptista Research

Datadog’s AI Playbook: Will Data Observability Be the Key to Dominating the Future?

Regarding Datadog's Q1 2025 financial results, the company reported a solid performance with a revenue of $762 million, representing a 25%...

Baptista Research

Datadog Inc.: Product Innovations For Sustained Expansion Across Diverse Deployment Scenarios!

Datadog reported its financial results for the fourth quarter of 2024, revealing a strong performance characterized by a 25% year-over-year...

Baptista Research

AvePoint SGX Secondary Listing - Strong Growth and Large Client Base but Unclear Metrics

AvePoint (AVPT US) , a global provider of data security, governance, and resilience, aims to raise around US$300m in its Singapore secondary listing.

Sumeet Singh

Datadog Inc.: Sales Capacity & Strategic Market Penetration Driving Our ‘Outperform’ Rating! - Major Drivers

Datadog's third quarter 2024 financial results indicate continued growth and expansion in their operations, though there are a mix of positive and...

Baptista Research

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