5 Small Cap SaaS Stocks Hedge Funds Are Piling Into

In this piece, we will take a look at five small cap SaaS stocks that hedge funds are piling into. For more SaaS stocks, head on over to 15 Small Cap SaaS Stocks Hedge Funds Are Piling Into.

5. BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Number of Hedge Fund Shareholders In Q4 2022: 21

BigCommerce Holdings, Inc. (NASDAQ:BIGC) enables businesses of all sizes to develop electronic commerce platforms and functionality. The firm is headquartered in Austin, Texas.

BigCommerce Holdings, Inc. (NASDAQ:BIGC) announced in February 2023 that it has entered into a partnership with a British advertising and communications firm to enable it to grow sales across its channels. By the end of last year’s December quarter, 21 of the 943 hedge funds surveyed by Insider Monkey had bought the firm’s shares.

BigCommerce Holdings, Inc. (NASDAQ:BIGC)’s largest investor is Anand Desais’s Darsana Capital Partners which owns six million shares that are worth $52 million.

4. Zuora, Inc. (NYSE:ZUO)

Number of Hedge Fund Shareholders In Q4 2022: 23

Zuora, Inc. (NYSE:ZUO) enables businesses to transform their operations to a subscription based model. Its platform allows customers to recognize revenue, generate quotations, and automate collections.

Zuora, Inc. (NYSE:ZUO)’s CEO Mr. Tien Tzuo shared his take on the ongoing technology industry downturn in February 2023, stating that his firm is primed to utilize the trends generated from the downturn. According to him, firms are experimenting with a mix of business models, and Zuora, Inc. (NYSE:ZUO) has the right products to help them deliver this change. 23 of the 943 hedge funds polled by Insider Monkey in Q4 2022 had bought the firm’s shares.

Zuora, Inc. (NYSE:ZUO)’s largest investor is Kevin Oram and Peter Uddo’s Praesidium Investment Management Company which own s4.9 million shares that are worth $31 million.

3. Yext, Inc. (NYSE:YEXT)

Number of Hedge Fund Shareholders In Q4 2022: 26

Yext, Inc. (NYSE:YEXT) provides a communications platform that enables businesses to interact with their customers. The firm is headquartered in New York, New York.

Yext, Inc. (NYSE:YEXT) is planning to launch its own chat service later this year which will leverage information stored in a database to allow its customers to generate answers to customer questions. After sifting through 943 hedge funds for last year’s fourth quarter, Insider Monkey discovered that 26 had invested in the firm.

Yext, Inc. (NYSE:YEXT)’s largst shareholder in our database is Mitchell Green’s Lead Edge Capital which owns 11.4 million shares that are worth $74 million.

2. Everbridge, Inc. (NASDAQ:EVBG)

Number of Hedge Fund Shareholders In Q4 2022: 27

Everbridge, Inc. (NASDAQ:EVBG) enables governments and businesses to respond to untoward events by generating alerts, connecting with emergency responders, and visualizing their responses. The firm is based in Burlington, Massachusetts.

Everbridge, Inc. (NASDAQ:EVBG)’s fiscal fourth quarter of 2022 earnings report which came out in February 2023 saw the firm miss analyst estimates. 27 of the 943 hedge funds surveyed by Insider Monkey during Q4 2022 had bought the company’s shares.

Everbridge, Inc. (NASDAQ:EVBG)’s largest investor is D.E. Shaw’s D E Shaw which owns 1.8 million shares that are worth $54 million.

1. Momentive Global Inc. (NASDAQ:MNTV)

Number of Hedge Fund Shareholders In Q4 2022: 37

Momentive Global Inc. (NASDAQ:MNTV) is a software company that provides survey tools such as Survey Monkey to enable firms to generate insights from customer sentiment. The firm is headquartered in San Mateo, California.

Momentive Global Inc. (NASDAQ:MNTV) scored a win in February 2023 when SEC filings revealed that the investment giant BlackRock had increased its position in the company by 13.36%. Alongside the asset management firm, 37 of the 943 hedge funds part of Insider Monkey’s poll had also invested in the firm in last year’s December quarter.

Derek C. Schrier’s Indaba Capital Management is Momentive Global Inc. (NASDAQ:MNTV)’s largest investor in our database. It owns 3.6 shares that are worth $25 million. This stake, mind you, is still lesser than BlackRock’s, which owns 8.85 million shares of the company.

Disclosure: None. You can also take a peek at 15 Largest Australian Companies by Revenue and 11 High Growth Energy Stocks to Buy.

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