In the stock market this year, software stocks show strong development. The software has become a fundamental part of how many things function, so logically, it has become a fundamental part of how a lot of things work. This is why companies have boosted corporate investments in digital acceleration as a result of the coronavirus pandemic. The stock market is seeing a record year for many of the top software stocks. Enterprise software-as-a-service (SaaS), cloud computing, and cybersecurity are key areas of interest. All of them improve our way of working in the digital space.
There were plenty of headline-grabbing buyouts and massive new funds for the US private equity industry this year. It was a year of a lot of unusual and unprecedented events, as we all know. Following March’s coronavirus outbreak, buyout investors spent the rest of 2020 dealing with the shockwaves.
Over the past few years or so, private equity companies have demonstrated an increasing acceptance of the software sector, trailing in industry leaders’ footsteps. That persisted in 2020, with the percentage of US PE investments hitting an all-time high in the information technology industry. Buyers migrated to all types of tech companies this year, with the public market’s surprising resilience during the pandemic being partly attributed to a surge in tech stocks.
Riot Blockchain Inc. (NASDAQ:RIOT) shares were trading up 32.65% at $14.65 at the time of writing on Tuesday after reporting an expected 65% increase in bitcoin mining hash rate capacity resulting from the purchase and future deployment of 15,000 S19 Pro and S19j Pro Antminers from Bitmain Technologies Limited.
Riot Blockchain Inc. (NASDAQ:RIOT) share price went from a low point around $0.51 to briefly over $11.85 in past 52 weeks, though shares have since pulled back to $14.65. RIOT market cap has remained high, hitting $771.50M at the time of writing, giving it price-to-sales ratio of more than 90.
Ideanomics Inc. (IDEX) last closed at $2.14, in a 52-week range of $0.28 to $4.75. the firm on December 15, 2020 declared its Mobile Energy Global (MEG) division’s sales activities for the month of November.
Aurora Mobile Limited (JG) stock soar by 50.16% to $4.79 after declaring a partnership with a global leading new energy vehicle manufacturer to deliver an enhanced intelligent driving experience. The most recent rating by Goldman, on March 06, 2019, is at a Neutral.
Luminar Technologies Inc (NASDAQ:LAZR) Shares headed rising, higher as much as 6.32%. The most recent rating by Deutsche Bank, on December 18, 2020, is at a Buy.
Uber Technologies Inc. (NYSE:UBER) rose 3.82% after gaining more than $1.98 on Tuesday. The company on December 9, 2020 revealed the pricing of $1.0 billion convertible senior notes offering.
Cloudera Inc. (CLDR) last closed at $14.64, in a 52-week range of $4.76 to $14.20. The firm reported on December 4, 2020 that total revenue for the third quarter was $217.9 million, an increase of 10% as compared to the third quarter of fiscal 2020. Analysts have a consensus price target of $14.50.
Slack Technologies Inc. (WORK) stock soar by 0.73% to $42.88. On December 2, 2020, the company released strong third quarter fiscal year 2021 results. The most recent rating by Morgan Stanley, on December 09, 2020, is at an Equal-weight.
salesforce.com inc. (NYSE:CRM) Shares headed rising, higher as much as 2.08%. The company declared a partnership with IBM to help organizations and individuals verify vaccine and health status The most recent rating by BofA Securities, on December 16, 2020, is at a Buy.
ZoomInfo Technologies Inc. (NASDAQ:ZI) rose 5.23% after gaining more than $2.31 on Tuesday after revealing that it has won three more Comparably Awards for company culture excellence in 2020.
Phunware Inc. (PHUN) last closed at $1.01, in a 52-week range of $0.54 to $3.00 following a new release of its mobile application software, Healthy Spaces, on Google Play for Android.
Exela Technologies Inc. (XELA) stock drop by -7.12% to $0.40. The company on December 17, 2020 revealed that it has entered into a 5-year, $145 million term loan facility with Angelo Gordon, a global alternative investment firm. The most recent rating by Morgan Stanley, on January 16, 2019, is at an Equal-weight.
Fastly Inc. (NYSE:FSLY) Shares headed rising, higher as much as 3.52%. The most recent rating by Credit Suisse, on November 25, 2020, is at a Neutral.
RealPage Inc. (NASDAQ:RP) rose 0.23% after gaining more than $0.2 on Tuesday after announcing that it has entered into a definitive agreement to be acquired by Thoma Bravo
Snowflake Inc. (SNOW) last closed at $341.16, in a 52-week range of $208.55 to $429.00. Analysts have a consensus price target of $302.57.
Borqs Technologies Inc. (BRQS) stock soar by 1.90% to $1.07. On December 2, 2020, the firm reported that the it has signed the official agreement for cooperation with the Huzhou South Taihu New Area for a 5G Industrial Park Project.