In this article, we discuss the 5 best stocks to buy according to Robert Smith’s Vista Equity Partners. If you want to see our detailed analysis of Smith’s origins, investments, and hedge fund performance, go directly to the 10 Stocks to Buy According to Robert Smith’s Vista Equity Partners.
5. Knowbe4 Inc. (NASDAQ:KNBE)
Vista Equity Partners’ Stake Value: $513,859,000
Percentage of Vista Equity Partners’ 13F Portfolio: 5.48%
Number of Hedge Fund Holders: 9
Knowbe4 Inc. (NASDAQ:KNBE) is a Clearwater, Florida-based platform for security awareness training and simulated phishing attacks.
The company recently announced their second quarter financial results for the fiscal year of 2021 where total GAAP revenue increased 43.0% year-over-year to $59.4 million. Annual recurring revenue experienced a surge of 42.4% year-over-year to $240.6 million. Knowbe4 Inc. (NASDAQ:KNBE) also stated that cash flow from operations had amassed at $14.1 million and free cash flow was $12.8 million. Furthermore, the total number of customers for the company have now reached over 41,000 in number.
4. Ping Identity Holding Corp. (NYSE:PING)
Vista Equity Partners’ Stake Value: $612,240,000
Percentage of Vista Equity Partners’ 13F Portfolio: 6.53%
Number of Hedge Fund Holders: 25
Ping Identity Holding Corp. (NYSE:PING) is an American software company headquartered in Denver, Colorado.
For the second quarter of the fiscal year 2021, Ping Identity Holding Corp (NYSE:PING) announced that its Annual Recurring Revenue of $279.6 million grew 19% from last year. Revenue also grew 34% year-over-year to $78.9 million, of which 93% was subscription-based.
3. Integral Ad Science Holding Corp. (NASDAQ:IAS)
Vista Equity Partners’ Stake Value: $1,942,340,000
Percentage of Vista Equity Partners’ 13F Portfolio: 20.73%
Number of Hedge Fund Holders: 30
Integral Ad Science Holding Corp. (NASDAQ:IAS) is an American publicly owned technology company that analyzes the value of digital advertising placements. Recently they announced an expanded partnership with Viant Technology Inc. (NASDAQ:DSP), a leading people-based advertising software company to integrate Integral Ad Science Holding Corp.’s (NASDAQ:IAS) CTV fraud pre-bid solution within the Adelphic advertising software. Through the expanded partnership, brands and agencies registered with Viant can now optimize their CTV campaigns to avoid known sources of bot fraud and other forms of invalid traffic.
For the second quarter of 2021, the company announced total revenue of $75.1 million, featuring a 55% increase compared to $48.3 million in the second quarter of 2020, which had been impacted negatively by the Covid-19 pandemic.
2. Jamf Holding Corp. (NASDAQ:JAMF)
Vista Equity Partners’ Stake Value: $2,123,991,000
Percentage of Vista Equity Partners’ 13F Portfolio: 22.66%
Number of Hedge Fund Holders: 19
Jamf Holding Corp. (NASDAQ:JAMF) is a software company known for being the developer of Jamf Pro, an application widely used by system administrators to configure and automate IT administration tasks for Apple operating systems such as macOS, iOS, iPadOS, and tvOS devices. Jamf Holding Corp. (NASDAQ:JAMF), the torchbearer for Apple Enterprise Management, announced it was prepared to support and extend key functionality in Apple’s iOS 15, iPadOS 15 and tvOS 15 releases, which became available two weeks ago. Jamf Holding Corp.(NASDAQ:JAMF) offered same-day support, allowing customers to upgrade to the latest operating system the day it went live.
Jamf Holding Corp. (NASDAQ:JAMF) has also acquired SecuredTouch, a leader in fraud and bot detection and mitigation, to integrate advanced fraud detection capabilities into the PingOne Cloud Platform. In addition, the also acquired Wandera, a cloud security and access provider for mobile devices, on July 1, 2021.
1. Datto Holding Corp. (NYSE:MSP)
Vista Equity Partners’ Stake Value: $3,166,901,000
Percentage of Vista Equity Partners’ 13F Portfolio: 33.8%
Number of Hedge Fund Holders: 12
Datto, Inc. (NYSE:MSP) is an American cybersecurity and data backup company based in Norwalk, Connecticut. In 2017, it became a subsidiary of Vista Equity Partners and merged with Autotask Corporation.
Datto, Inc.(NYSE:MSP) announced the commercial availability of Datto Continuity for Microsoft Azure, a comprehensive Business Continuity and Disaster Recovery (BCDR) solution that protects Managed Service Providers (MSPs) and the data of their clientele in the public cloud from malicious ransomware attacks and security breaches.
You can also take a peek at 10 Best Stocks to Buy According to Highbridge Capital and 10 Best Stocks to Buy According to Bruce Berkowitz’s Fairholme Capital.
