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SaaS stocks

Ready to invest in the software-as-a-service industry? Consider these 13 stocks.

The best SaaS stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

How to buy SaaS stocks

Sign up with an online broker or platform to invest in one of more of these SaaS stocks.

  1. Compare share trading platforms. Use our comparison table to narrow down top brokers by fees and bonuses.
  2. Open and fund your brokerage account. You’ll need personal and financial details, like your contact and bank information.
  3. Search for the stock you're interested in. Find the stock by name or ticker symbol, like MSFT or CRM.
  4. Decide on how many to buy. Some brokers will allow you to purchase fractional shares, while others require you to purchase whole shares.
  5. Choose an order type. Invest in the SaaS stocks now with a market order or use a limit order to delay your purchase until the stock reaches your desired price.
  6. Buy the stock. Tap or click the Buy button on your brokerage account. Once you’ve invested in the software-as-a-service industry, track how your stock performs to decide when it’s time to sell.

Take a deeper dive into SaaS stocks

We round up a selection of stocks in or related to the software-as-a-service industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. Microsoft Corporation (MSFT)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook. com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, organizations, and enterprise divisions.

Microsoft Corporation stock opened the day at $287.80 after a previous close of $286.14. The latest price was $289.67 (25 minute delay). Microsoft Corporation is listed on the NASDAQ, has a trailing 12-month revenue of around USD160 billion and employs 163,000 staff.

  • Market capitalization: $2,155,083,595,776
  • P/E ratio: 38.9943
  • PEG ratio: 2.7491

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2. salesforce-com (CRM)

salesforce. com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide.

salesforce-com stock opened the day at $245.59 after a previous close of $245.80. The latest price was $245.06 (25 minute delay). salesforce-com is listed on the NYSE, has a trailing 12-month revenue of around USD$22.4 billion and employs 59,895 staff.

  • Market capitalization: $229,907,283,968
  • P/E ratio: 52.3466
  • PEG ratio: 4.6669

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3. Adobe (ADBE)

Adobe Inc. operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, teams, and enterprises to create, publish, promote, and monetize their digital content.

Adobe stock opened the day at $601.43 after a previous close of $605.95. The latest price was $604.50 (25 minute delay). Adobe is listed on the NASDAQ, has a trailing 12-month revenue of around USD$14.4 billion and employs 22,516 staff.

  • Market capitalization: $297,121,153,024
  • P/E ratio: 54.0497
  • PEG ratio: 2.8568

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4. Shopify (SHOP)

Shopify Inc. , a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company's platform provides merchants to run their business in various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, and access financing.

Shopify stock opened the day at $1,608.00 after a previous close of $1,594.09. The latest price was $1,650.00 (25 minute delay). Shopify is listed on the NYSE, has a trailing 12-month revenue of around USD$3.4 billion and employs 7,000 staff.

  • Market capitalization: $196,546,510,848
  • P/E ratio: 124.6551
  • PEG ratio: -94.58

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5. Wix-com (WIX)

Wix. com Ltd, together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs; and Corvid by Wix to create websites and web applications.

Wix-com stock opened the day at $292.53 after a previous close of $291.87. The latest price was $294.81 (25 minute delay). Wix-com is listed on the NASDAQ, has a trailing 12-month revenue of around USD$1.1 billion and employs 3,803 staff.

  • Market capitalization: $17,096,487,936
  • PEG ratio: 0.09

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6. Slack Technologies (WORK)

Slack Technologies, Inc. operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model.

Slack Technologies stock opened the day at $44.05 after a previous close of $44.29. The latest price was $44.47 (25 minute delay). Slack Technologies is listed on the NYSE, has a trailing 12-month revenue of around USD$974.3 million and employs 2,597 staff.

  • Market capitalization: $26,519,519,232

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7. Zoom Video Communications (ZM)

Zoom Video Communications, Inc. provides a video-first communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system that provides secure call routing, call queuing, call detail reports, call recording, call quality monitoring, voicemail, switch to video, and other services, as well as inbound and outbound calling services; and Zoom Chat enables to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices for meeting and phone customers.

Zoom Video Communications stock opened the day at $381.02 after a previous close of $386.01. The latest price was $385.08 (25 minute delay). Zoom Video Communications is listed on the NASDAQ, has a trailing 12-month revenue of around USD$3.3 billion and employs 5,059 staff.

  • Market capitalization: $106,523,377,664
  • P/E ratio: 124.6655
  • PEG ratio: 4.1173

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8. Datadog (DDOG)

Datadog, Inc. provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of customers technology stack.

Datadog stock opened the day at $107.00 after a previous close of $107.10. The latest price was $108.12 (25 minute delay). Datadog is listed on the NASDAQ, has a trailing 12-month revenue of around USD$670.8 million and employs 2,185 staff.

  • Market capitalization: $33,983,807,488

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9. DocuSign (DOCU)

DocuSign, Inc. provides cloud based software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements.

DocuSign stock opened the day at $287.50 after a previous close of $288.74. The latest price was $288.02 (25 minute delay). DocuSign is listed on the NASDAQ, has a trailing 12-month revenue of around USD$1.6 billion and employs 5,630 staff.

  • Market capitalization: $60,009,181,184
  • PEG ratio: 3.9082

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10. Dropbox (DBX)

Dropbox, Inc. provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features.

Dropbox stock opened the day at $30.74 after a previous close of $30.57. The latest price was $30.91 (25 minute delay). Dropbox is listed on the NASDAQ, has a trailing 12-month revenue of around USD$2 billion and employs 2,760 staff.

  • Market capitalization: $11,949,109,248
  • PEG ratio: 1.776

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11. Alphabet (GOOGL)

Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services.

Alphabet stock opened the day at $2,608.61 after a previous close of $2,568.43. The latest price was $2,660.30 (25 minute delay). Alphabet is listed on the NASDAQ, has a trailing 12-month revenue of around USD$196.7 billion and employs 139,995 staff.

  • Market capitalization: $1,754,183,761,920
  • P/E ratio: 34.2275
  • PEG ratio: 1.4515

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12. Square (SQ)

Square, Inc. , together with its subsidiaries, creates tools that enables sellers to accept card payments; also provide reporting and analytics, and next-day settlement. It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a payments device and receipt printer to replace traditional keypad terminals, which accepts tap, dip, and swipe payments.

Square stock opened the day at $239.00 after a previous close of $235.90. The latest price was $241.89 (25 minute delay). Square is listed on the NYSE, has a trailing 12-month revenue of around USD$13.2 billion and employs 5,477 staff.

  • Market capitalization: $118,664,601,600
  • P/E ratio: 364.4616
  • PEG ratio: 4.6417

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13. Cloudera (CLDR)

Cloudera, Inc. offers a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services.

Cloudera stock opened the day at $15.76 after a previous close of $15.77. The latest price was $15.78 (25 minute delay). Cloudera is listed on the NYSE, has a trailing 12-month revenue of around USD$883.1 million and employs 2,728 staff.

  • Market capitalization: $4,681,862,656
  • PEG ratio: -0.84

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Compare trading platforms

Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in SaaS stocks.
Name Product Stock trade fee Asset types Minimum deposit to open Signup bonus
Sofi Invest
$0
Stocks, ETFs, Cryptocurrency
$1
Get one free stock worth up to $1,000
Open an account
A free way to invest in stocks, ETFs and crypto.
Robinhood
$0
Stocks, Options, ETFs
$0
Free stock (chosen randomly with a value anywhere between $2.50 and $200)
Sign up using the "go to site" link
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Public
$0
Stocks, ETFs
$0
Download and sign up with Public.com; approved accounts receive a free stock slice worth up to $70, selected from 9 popular stocks.
Open an account
Commission-free trading in stocks and ETFs with a social networking twist.
Webull
$0
Stocks, Options, ETFs
$0
Get one free stock valued between $3.00 and $300 when you open an account, one more with a deposit
Open an account
Margin financing rates start at 3.99%. No monthly subscription fees for margin.
TD Ameritrade
$0
or $25 broker-assisted
Stocks, Bonds, Options, Mutual funds, ETFs, Currencies
$0
TD Ameritrade features $0 commission for online stock trades. Online options fees are $0.65/contract.
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Compare up to 4 providers

*Signup bonus information updated weekly.

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Bottom line

While it’s possible to turn a profit investing in SaaS stocks, keep in mind that — like any investment — SaaS stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the software-as-a-service industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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