Cloud Computing Stocks To Buy According To Cathie Wood


As of the third quarter of 2021, Cathie Wood’s ARK Investment Management had a portfolio worth over $41.6 billion. Cathie Wood is the CEO and Chief Investment Officer of ARK Investment Management. She is one of the industry’s most successful hedge fund managers. Tesla Inc., Square, UiPath Inc., and Palantir Technologies Inc. are among the significant companies in Cathie Wood’s portfolio.

Here is Insider Monkey’s list of the 10 cloud computing stocks to buy according to Cathie Wood. Veeva Systems Inc. is a cloud computing firm specializing in pharmaceutical and life sciences applications in the United States. The company’s sales for the quarter was $476.1 million, up 26.1 percent from the previous year. 2U, Inc. is an educational technology firm established in the United States that provides online education through a cloud-based SaaS platform. BMO Capital praised the company’s Q3 results, noting that the epidemic had increased acceptance of online schooling. Trimble Inc. makes use of a cloud engine to develop next-generation point cloud solutions. Piper Sandler began coverage with an Overweight rating and a price target of $101 recently. As of Q3 2021, the corporation owns 0.87 percent of Cathie Wood’s portfolio. The company’s revenue increased by 33% to $72 million over the previous quarter. PagerDuty, Inc. reported a -$0.07 EPS, which was $0.02 more than expected. These holdings are now worth more than $820 million, up from $656.5 million in Q2. Cathie Wood believes DocuSign, Inc. is one of the greatest cloud computing stocks to invest in. Customers can digitally sign papers using any device thanks to the company’s cloud-based infrastructure. In Q3, Tiger Global Management LLC was the company’s largest shareholder, with a $1.88 billion position. For more details, click 10 Cloud Computing Stocks To Buy According To Cathie Wood.