Christopher Edward Mccloskey Sells 24,630 Shares of Datto Holding Corp. (NYSE:MSP) Stock

Datto Holding Corp. (NYSE:MSPGet Rating) insider Christopher Edward Mccloskey sold 24,630 shares of Datto stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $34.69, for a total value of $854,414.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Christopher Edward Mccloskey also recently made the following trade(s):

  • On Wednesday, April 13th, Christopher Edward Mccloskey sold 50,000 shares of Datto stock. The stock was sold at an average price of $34.68, for a total value of $1,734,000.00.
  • On Friday, April 8th, Christopher Edward Mccloskey sold 24,170 shares of Datto stock. The stock was sold at an average price of $29.06, for a total value of $702,380.20.
  • On Wednesday, April 6th, Christopher Edward Mccloskey sold 1,200 shares of Datto stock. The stock was sold at an average price of $29.01, for a total value of $34,812.00.
  • On Thursday, March 17th, Christopher Edward Mccloskey sold 16,512 shares of Datto stock. The stock was sold at an average price of $26.07, for a total value of $430,467.84.

NYSE MSP traded down $0.06 during trading on Wednesday, hitting $34.68. The stock had a trading volume of 3,077,473 shares, compared to its average volume of 963,900. The company has a market capitalization of $5.69 billion, a PE ratio of 115.60, a P/E/G ratio of 14.63 and a beta of 0.73. The company’s 50-day moving average price is $26.54 and its two-hundred day moving average price is $25.22. Datto Holding Corp. has a 12 month low of $20.76 and a 12 month high of $34.83.

Datto (NYSE:MSPGet Rating) last released its earnings results on Wednesday, February 23rd. The investment management company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $164.25 million during the quarter, compared to the consensus estimate of $162.16 million. Datto had a net margin of 8.31% and a return on equity of 4.05%. Sell-side analysts expect that Datto Holding Corp. will post 0.32 EPS for the current year.

Large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in Datto by 67.3% in the 2nd quarter. Royal Bank of Canada now owns 1,310 shares of the investment management company’s stock valued at $36,000 after buying an additional 527 shares in the last quarter. Morgan Stanley lifted its position in shares of Datto by 392.6% during the 2nd quarter. Morgan Stanley now owns 278,333 shares of the investment management company’s stock valued at $7,749,000 after acquiring an additional 221,830 shares during the period. SG Americas Securities LLC bought a new stake in shares of Datto during the 3rd quarter valued at $2,171,000. New York State Common Retirement Fund lifted its position in shares of Datto by 15.6% during the 3rd quarter. New York State Common Retirement Fund now owns 65,165 shares of the investment management company’s stock valued at $1,557,000 after acquiring an additional 8,787 shares during the period. Finally, Versor Investments LP bought a new stake in shares of Datto during the 3rd quarter valued at $206,000. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

MSP has been the topic of a number of recent analyst reports. BMO Capital Markets cut Datto from an “outperform” rating to a “market perform” rating and set a $35.50 target price on the stock. in a report on Wednesday, April 13th. William Blair cut Datto from an “outperform” rating to a “market perform” rating in a report on Monday, April 11th. Mizuho reduced their target price on Datto from $31.00 to $28.00 in a report on Tuesday, January 18th. StockNews.com initiated coverage on Datto in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Morgan Stanley cut Datto from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $34.00 to $35.50 in a report on Tuesday, April 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Datto presently has an average rating of “Hold” and an average target price of $32.44.

About Datto (Get Rating)

Datto Holding Corp. provides cloud-based software and technology solutions for delivery through the managed service provider (MSP) channel to small and medium businesses in the United States and internationally. Its Unified Continuity products include Business Continuity and Disaster Recovery that protects servers and workstations, and minimize downtime; Cloud Continuity, an image-based continuity solution for laptops and desktops; SaaS Protection +, an automated and secure backup and restoration product; Workplace, a cloud-hosted file sync and share solution, which enable end-users to synchronize files across platforms, including mobile devices; and File Protection, an MSP-managed secure and scalable backup product that enables MSPs to protect and recover files and folders on workstations and laptops.

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Insider Buying and Selling by Quarter for Datto (NYSE:MSP)

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