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.

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<ul><li>Datadog, Inc. exceeded analyst expectations in terms of revenue as well as earnings.</li><li>The revenue of $509 million exceeded the high end of its guidance range and increased by 25% year over year.</li><li>During Q2, customers kept checking prices and maximizing their use of the cloud and observability, especially some with higher spending levels.</li></ul>

Datadog, Inc. exceeded analyst expectations in terms of revenue as well as earnings.The revenue of $509 million exceeded the high end of its guidance range and increased by 25% year over year.During Q2, customers kept checking prices and maximizing their use of the cloud and observability, especially some with higher spending levels.

Datadog Inc.: Improved Log Management Capabilities & Other Major Developments

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<ul>
<li>Following takeover rumors surrounding <a href="https://www.smartkarma.com/entities/new-relic-inc" target="_blank" data-smartkarma-citation="entities:16283:1" rel="noopener">New Relic Inc (NEWR US)</a> , private equity firms finally agreed to acquire a US-based low-cost observability provider for ~$6.5B.</li>
<li>American private equity firm Francisco Partners and global alternative asset manager TPG offered $87 per <a href="https://www.smartkarma.com/entities/new-relic-inc" target="_blank" data-smartkarma-citation="entities:16283:1" rel="noopener">New Relic Inc (NEWR US)</a> share in an all-cash transaction.</li>
<li>The <a href="https://www.smartkarma.com/entities/new-relic-inc" target="_blank" data-smartkarma-citation="entities:16283:1" rel="noopener">New Relic Inc (NEWR US)</a> Board of Directors approved the buyout deal, and is expected to close in late 2023 or early 2024.</li>
</ul>


Following takeover rumors surrounding New Relic Inc (NEWR US) , private equity firms finally agreed to acquire a US-based low-cost observability provider for ~$6.5B.
American private equity firm Francisco Partners and global alternative asset manager TPG offered $87 per New Relic Inc (NEWR US) share in an all-cash transaction.
The New Relic Inc (NEWR US) Board of Directors approved the buyout deal, and is expected to close in late 2023 or early 2024.


New Relic Takeover Valuation Analysis: The Buyout Price Looks Reasonable

<ul><li>Datadog had a good Q1 as they exceeded analyst expectations on all fronts, with revenue of $482 million, a 33% YoY increase, and added approximately 1,400 net new customers.</li><li>The company observed growth from existing customers and continued to see customers optimizing their cloud spend.</li><li>In addition, Datadog made significant advancements in its product offerings, introducing new security capabilities such as Application Vulnerability Management and enhancing its Cloud Security Management product.</li></ul>

Datadog had a good Q1 as they exceeded analyst expectations on all fronts, with revenue of $482 million, a 33% YoY increase, and added approximately 1,400 net new customers.The company observed growth from existing customers and continued to see customers optimizing their cloud spend.In addition, Datadog made significant advancements in its product offerings, introducing new security capabilities such as Application Vulnerability Management and enhancing its Cloud Security Management product.

Datadog Inc.: Can The Codiga Acquisition Bring It To A Whole New Level In Observability? – Key Drivers

<ul><li>Datadog had a successful Q4, with a 44% year-on-year increase in revenue, bringing it to $469 million.</li><li>While user growth with existing customers was slower, Datadog made up for it with new logo acquisition and new product cross-sales, having their strongest new logo quarter to date.</li><li>Datadog released their latest product, universal service monitoring, to general availability during the quarter, which greatly expanded their capabilities, bringing their total number of generally available products to 17.</li></ul>

Datadog had a successful Q4, with a 44% year-on-year increase in revenue, bringing it to $469 million.While user growth with existing customers was slower, Datadog made up for it with new logo acquisition and new product cross-sales, having their strongest new logo quarter to date.Datadog released their latest product, universal service monitoring, to general availability during the quarter, which greatly expanded their capabilities, bringing their total number of generally available products to 17.

Datadog Inc: Expansion Through New AI Capabilities & Cloud Security – Key Drivers

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<ul><li>Tech Heavyweights Shouldering the Load- Caution Flags Waving Since the end of 2022, few and fewer big cap tech names are now carrying the overall S&amp;P 500 index performance.</li><li>As of last Friday’s close, the S&amp;P 500 is up about 2% YTD. However, without the contribution of chip maker Nvidia (NVDA) it would be flat YTD.</li><li>Since the end of 2022, few and fewer big cap tech names are now carrying the overall S&amp;P 500 index performance.</li></ul>

Tech Heavyweights Shouldering the Load- Caution Flags Waving Since the end of 2022, few and fewer big cap tech names are now carrying the overall S&amp;P 500 index performance.As of last Friday’s close, the S&amp;P 500 is up about 2% YTD. However, without the contribution of chip maker Nvidia (NVDA) it would be flat YTD.Since the end of 2022, few and fewer big cap tech names are now carrying the overall S&amp;P 500 index performance.

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 Inc.: Improved Log Management Capabilities & Other Major Developments

Datadog, Inc. exceeded analyst expectations in terms of revenue as well as earnings. The revenue of $509 million exceeded the high end of its...

Baptista Research

New Relic Takeover Valuation Analysis: The Buyout Price Looks Reasonable

Private equity firms Francisco Partners and TPG have agreed to acquire New Relic for ~$6.5B, with the deal expected to close in late 2023 or early...

Andrei Zakharov

Datadog Inc.: Can The Codiga Acquisition Bring It To A Whole New Level In Observability? – Key Drivers

Datadog had a good Q1 as they exceeded analyst expectations on all fronts, with revenue of $482 million, a 33% YoY increase, and added...

Baptista Research

Datadog Inc: Expansion Through New AI Capabilities & Cloud Security – Key Drivers

Datadog had a successful Q4, with a 44% year-on-year increase in revenue, bringing it to $469 million. While user growth with existing customers...

Baptista Research

Weekly Stock Bullfinder - Week of 3/27

Tech Heavyweights Shouldering the Load- Caution Flags Waving Since the end of 2022, few and fewer big cap tech names are now carrying the overall...

Weekly Stock Bull Finder

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Market Cap (USDm)

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Datadog Inc.: Improved Log Management Capabilities & Other Major Developments

Datadog, Inc. exceeded analyst expectations in terms of revenue as well as earnings. The revenue of $509 million exceeded the high end of its...

Baptista Research

New Relic Takeover Valuation Analysis: The Buyout Price Looks Reasonable

​Private equity firms Francisco Partners and TPG have agreed to acquire New Relic for ~$6.5B, with the deal expected to close in late 2023 or early...

Andrei Zakharov

Datadog Inc.: Can The Codiga Acquisition Bring It To A Whole New Level In Observability? – Key Drivers

Datadog had a good Q1 as they exceeded analyst expectations on all fronts, with revenue of $482 million, a 33% YoY increase, and added...

Baptista Research

Datadog Inc: Expansion Through New AI Capabilities & Cloud Security – Key Drivers

Datadog had a successful Q4, with a 44% year-on-year increase in revenue, bringing it to $469 million. While user growth with existing customers...

Baptista Research

Weekly Stock Bullfinder - Week of 3/27

Tech Heavyweights Shouldering the Load- Caution Flags Waving Since the end of 2022, few and fewer big cap tech names are now carrying the overall...

Weekly Stock Bull Finder

Private equity firms Francisco Partners and TPG have agreed to acquire New Relic for ~$6.5B, with the deal expected to close in late 2023 or early...