5 Best Small Cap AI Stocks to Invest In

4. Vimeo, Inc. (NASDAQ:VMEO)

Number of Hedge Fund Holders: 30

Vimeo, Inc. (NASDAQ:VMEO) is an exclusive video software solution, offering a full range of video capabilities via a software-as-a-service architecture. Vimeo Enterprise, Vimeo OTT, and Vimeo Custom are some of its sales-assisted programmes. Customers utilize its goods in more than 190 different nations.

Over 1.6 million people are presently members to Vimeo, Inc. (NASDAQ:VMEO), including 9,500 paying sales-assisted clients. In addition, the company boosted the number of companies it provided sales assistance to by adding clients like Rivian Automotive, Inc. (NASDAQ:RIVN), Credit Karma, Moderna, Inc. (NASDAQ:MRNA), Cars.com Inc. (NYSE:CARS), Bobs Discount Furniture, PwC, AstraZeneca PLC (NASDAQ:AZN), and Harvard Graduate School of Design. 

In its Q2 2022 investor letter, Longleaf Partners Fund mentioned Vimeo, Inc. (NASDAQ:VMEO). Here is what the fund said:

“Vimeo – Digital software company Vimeo is another newer tech-related holding that declined in the quarter. The company continues to be misunderstood as a consumer company, when actually a large portion of the value and the growth comes from its shift to being more of an enterprise company doing business with larger customers. However, this transition has taken longer than expected, and the COVID boost of the last year created difficult comps. While we believe having Joey Levin of IAC and other aligned shareholders on the board is a benefit, our value has declined since our initial purchase, and we did not add in the quarter.”