3 Stocks the World’s Best Investors Are Buying Right Now

Posted On October 23, 2018 12:21 pm

Wall Street Sign,

Source: Shutterstock.com/g/robertcrum

On the surface, there’s little that connects software-as-a-service-company Appian Corporation (NASDAQ:APPN), marijuana grower and seller Green Thumb Industries Inc. (NASDAQOTH:GTBIF), and uranium miner Cameco Corporation (NYSE:CCJ). Except that some of the world’s best investors have stepped in to buy their stocks. That makes now a very good time to get to know this trio of companies before the rest of Wall Street catches up to the smart money.

A low-code app maker being gobbled up

Brian Stoffel (Appian Corporation): Abdiel Capital isn’t a household name. The investment firm was founded by Colin Moran in 2006 after stints at Goldman Sachs and Chieftain Capital. Over the past year, the fund has returned 82% for its investors — far outpacing the S&P 500‘s return of 18% over the same time frame.

The concentrated portfolio is principally invested in small SaaS companies, and it has made a big bet in Appian. After adding slightly to its position during the second quarter, Moran’s firm now owns over 23% of shares outstanding.

It’s not difficult to see the appeal: Appian aims to cut the time it takes to develop a custom app by 50% every two years. Since developing a custom app requires a small army of IT professionals if done in-house, Appian’s low-code subscription service is a lifeline to small- and medium- (as well as a few large-) sized businesses.

Between 2014 and 2017, subscription revenue grew at a compounded rate of…

Continue reading at Fool.com

Tagged with:

About author

Related Articles