5 Stocks to Invest In According to Carl Anderson’s Marcho Partners

In this article, we discuss the 5 stocks to invest in according to Carl Anderson’s Marcho Partners. If you want our detailed analysis of Anderson’s history, investment philosophy, and hedge fund performance, go directly to the 10 Stocks to Invest In According to Carl Anderson’s Marcho Partners.

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

Marcho Partners’ Stake Value: $168.4 million

Marcho Partners’ 13F Portfolio: 10.56%

Number of Hedge Fund Holders: 59

Elastic N.V. (NYSE:ESTC) is an American Dutch company that provides enterprise search, observability, security, logging and data analysis, data visualization, and infrastructure monitoring services. The company’s search technology is used by big names such as eBay Inc. (NASDAQ:EBAY), Lyft, Inc. (NASDAQ:LYFT), Uber Technologies, Inc. (NYSE:UBER), Wikipedia, and Tinder among many others.

On December 8, JPMorgan analyst Mark Murphy upgraded Elastic N.V. (NYSE:ESTC) from Neutral to Overweight. The analyst made no changes to the price target of $156.

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.”