Top Software Application Stocks to Buy Now and Keep

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New technology and software companies continue to emerge as the ways people conduct business and communicate continue to evolve. As a result, investors have an increasing number of opportunities to invest in tech-related stocks. So, if you’re looking for the best software application stocks to buy, it’s important that you understand which companies could benefit from this trend. Here are some of the best stocks to buy now and hold for the long term.

GitLab (GTLB)

The name GitLab refers to a software tool that helps programmers collaborate more effectively on projects. The company was founded in 2013 and has raised over $100 million in venture capital since its inception. GitLab has become increasingly popular among software developers and IT departments because it offers a centralized code repository, issue tracking, and automated software testing. .GitLab’s online service allows users to build, test, and deploy software projects from a single location. GitLab’s user-friendly interface and the ability to integrate with other software tools make it a great choice for companies of all sizes. Owning shares of GitLab gives investors exposure to the growing software development industry.

Sprinkler (CXM)

Sprinklr was founded in 2012 and provides digital marketing software designed to help brands manage their social media presence across different channels. In addition to social media, Sprinklr’s software allows brands to post content to websites, send out email newsletters, and host live events. Sprinklr has raised over $300 million in venture capital to date and has over 6,000 clients, including Adidas, General Electric and JC Penney. Sprinklr’s software allows brands to manage their presence across different channels in real time, making it easier to respond to customer questions and feedback. Since Sprinklr is a cloud-based service, its customers do not need to maintain a dedicated server to use the software. Owning Sprinklr stock allows investors to take advantage of the growing demand for digital marketing services.

E2open Parent Holdings (ETWO)

E2open provides supply chain management software that helps manufacturers track the location and status of their goods in transit. The company also provides analytics tools for supply chain managers to improve their operations. E2open’s software has been used by companies in the aerospace, automotive, pharmaceutical and retail industries. The company’s investors include private equity firm Silver Lake Partners, which acquired a majority stake in E2open in 2013. E2open’s CloudLink software provides enterprises with a single point of data for their supply chain operations, which makes it easy to track shipments and get real-time information. Investing in E2open shares allows you to take advantage of the growing need for supply chain management software.

Clear Secure (YOU)

Clear Secure is a provider of cloud-based identity and access management solutions for enterprises. The company’s software enables companies to manage user access to websites, applications and networks. Clear Secure’s products are designed to help businesses comply with increasingly stringent security regulations, such as GDPR and HIPAA. Clear Secure’s software also enables customers to comply with requirements for using multi-factor authentication and biometric identification tools. The company’s customers include financial institutions, healthcare providers, government agencies, and other organizations with stringent data privacy and security requirements. Clear Secure has raised over $50 million in venture capital funding since its inception in 2007 The company has more than 2,500 customers.Clear Secure’s software makes it easier for companies to identify and authenticate their users, protecting sensitive data and allowing them to extend the reach of their networks.

Conclusion

Investing in software application stocks can be a great way to participate in the growth of this industry. When selecting stocks to buy, look for companies that provide solutions to growing business needs. Investing in software companies also makes sense from a valuation perspective. The sector still trades at a discount to the broader market, making it a good long-term investment opportunity.