Alok Agrawal’s Bloom Tree Partners Portfolio: 5 Technology Stock Picks

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1. Elastic N.V. (NYSE:ESTC)

Bloom Tree Partners’ Stake Value: $61.55 million

Percentage of Bloom Tree Partners’ 13F Portfolio: 7.33%

Number of Hedge Fund Holders: 59

Elastic N.V. (NYSE:ESTC) is a California-based American-Dutch search company. It offers products and services for data management, search, and analytics purposes. The company’s most famous product is Elastic Search and is used by both individual developers and organizations.

Elastic N.V. (NYSE:ESTC) was mentioned by Greenhaven Road Capital in its third-quarter 2021 investor letter. Here is what it said:

“Elastic Software (ESTC) – Share prices are up more than threefold since our first purchases of Elastic Software. The company continues to report best-in-class net revenue retention (amount generated from existing customers) of 130%. With recent acquisitions, they are continuing their expansion into security. This is the company with the highest product velocity and largest addressable markets in our portfolio. With a massive base of customers using freemium/opensource products, there are fertile hunting grounds for growth.”

You can also take a peek at 10 Healthcare Stocks to Buy According to Tiger Cub Chase Coleman and 10 Tech Stocks to Buy According to Billionaire Philippe Laffont.

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