Summary: Cohesity is a privately owned IT company, so its stock is unfortunately not up for purchase. Instead, investors will have to look for some Cohesity stock alternatives available on online stock trading platforms such as eToro.
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About Cohesity
Cohesity is a privately owned American information technology (IT) company specializing in software development. It provides IT technicians with the tools necessary to back up, oversee, and extract info from their data spanning various systems and cloud platforms. In addition, Cohesity provides anti-ransomware functionalities, Disaster Recovery-as-a-Service, and software-as-a-service (SaaS) management solutions.
How to buy Cohesity stock: Step-by-step
Cohesity is a privately held company, so its shares are not listed on any stock exchange, meaning investors cannot buy Cohesity stock on any online trading platform. Instead, investors looking for exposure to the IT software sector will have to buy some Cohesity stock alternatives, such as:
- Microsoft (NASDAQ: MSFT): In light of its expanding dominance in the cloud computing sector, investing in Microsoft could be a wise decision. After all, estimates suggest the cloud AI market could reach $67 billion in 2024 and skyrocket to $274 billion by 2029. Moreover, analysts predict substantial long-term growth for Microsoft, with artificial intelligence (AI) potentially adding $82.5 billion in annual revenue by 2028;
- ServiceNow (NYSE: NOW): ServiceNow specializes in technology, employee, customer workflows, and creator workflow, integrating products from the likes of Microsoft and Salesforce to help businesses digitize across various systems. Recognized as a market leader in IT service and operation management, AI for IT operations, low-code, digital process automation, and risk management platforms, ServiceNow was also quick to capitalize on the growing AI trend, positioning itself as a solid investment candidate in the sector;
- CrowdStrike (NASDAQ: CRWD): CrowdStrike has seen significant growth since it went public five years ago, debuting with a valuation of around $6.7 billion and currently enjoying a market cap of $70 billion. The company’s cloud-native services have resulted in bullish sentiment due to its subscription model and elimination of on-site appliances. The result was annual revenue growth at a compound annual growth rate (CAGR) of 67% from 2020 to 2023.
To invest in Cohesity alternatives on our list, you can:
- Find a broker: Find a brokerage platform that lists the shares you wish to buy;
- Register and fund your account;
- Place a trade: Find the stock on the broker’s platform and place a trade;
- Monitor your investment.
Step 1: Find a broker
To start investing in Cohesity stock alternatives, you have to find a reliable, licensed brokerage platform that lists the shares you wish to buy.
Our go-to brokerage is eToro, a major stock trading platform with millions of users and a host of nifty trading features such as:
- Commission-free stock and ETF trading;
- Over 2,000 stocks from 17 different exchanges;
- Fractional shares;
- Charting tools;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Step 2: Fund your account
The following step involves registering and funding an account. To register, simply follow the guidelines provided by the broker (the details will vary from platform to platform). As for the funding, you will have to transfer funds from your bank account to your brokerage account. Most leading platforms offer multiple funding options, such as:
- Bank transfers;
- Wire transfers;
- Electronic funds transfers (EFTs).
Step 3: Place a trade
Once you’ve transferred sufficient funds, you can place your orders. To do so, you can follow these simple steps:
- Log in on your broker’s website;
- Find the stock you want to buy;
- Specify the number of shares you wish to buy (or the dollar amount you wish to invest);
- Select order type (i.e., market, limit, stop-loss, etc.);
- Review all the details again;
- Execute the trade.
Step 4: Monitor your investment
Buying shares is not the end — it’s important that you keep track of your investments to make sure they perform as expected.
You can start by utilizing the charts tool and market analysis features on your brokerage platform to track stock price fluctuations.
Additionally, you can explore new and more diverse investment opportunities to make sure your portfolio does not depend on the performance of a single asset.
Moreover, you can try copy-trading to replicate the effective trading strategies of more experienced investors on your platform and invest with more confidence.
Cohesity stock IPO
Cohesity filed for an initial public offering (IPO) in 2021 but later pulled out. However, there were rumors last year of Cohesity getting ready for a potential public offering once market conditions stabilize.
Cohesity’s leadership team saw some major hires last week, expanded partnerships with leading cloud providers, and developed a new generative-AI product for analyzing company backups. What’s more, the company is set to acquire Veritas data protection unit.
The acquisition is projected to be worth $7 billion, up by almost 100% compared to what Cohesity was worth in 2021. In light of such developments, rumors of a potential IPO are not surprising.
Pros and cons of investing in IT
Pros
- Growth potential: The IT industry has high growth potential due to ongoing technological advancements in tech such as AI and increasing digitalization;
- Innovation opportunities: Innovation often leads to disruptive technologies that can revolutionize industries and generate returns;
- Diversification: Investing in IT can help you diversify your portfolio, giving you exposure to companies developing software, cybersecurity, cloud computing, and similar solutions;
- Resilience: IT spending usually remains steady, even during economic downturns;
- Global market: Many IT companies have a global footprint, especially blue-chip firms such as Apple (NASDAQ: AAPL) and Microsoft.
Cons
- Competition: The IT sector is highly competitive, with large companies looking to increase their market share;
- Dangers of tech obsolescence: Technology evolves every day, so investors must carefully assess a company’s ability to stay ahead of the competition and adapt to new trends;
- Regulatory risks: Regulatory scrutiny in regard to data privacy, cybersecurity, and intellectual property rights, can all affect the company’s performance.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Cohesity stock
Who is the owner of Cohesity?
Cohesity is owned by Mohit Aron.
Who are the shareholders of Cohesity?
Cohesity shareholders and investors include companies such as BluePointe Ventures, Manhattan Venture Partners, Premji Invest (US), STEADFAST Capital Ventures, and Fourth Realm/
What is the Cohesity stock symbol?
Cohesity is a privately held company that does not have its own stock symbol.
Will there be a Cohesity stock IPO?
There are rumors of a potential Cohesity stock IPO for 2024, especially in light of the Veritas Unit acquisition, but there has been no official announcement yet.
Is Cohesity a public company?
No, Cohesity is a private company not listed on the stock exchange.
How do I buy Cohesity stock?
Cohesity is a private company so its shares are not available for purchase.
Where do I buy Cohesity stock?
Cohesity stock is not available for purchase on any trading platform because Cohesity is a private company.
What is Cohesity’s valuation today?
Cohesity is valued at around $2.5 billion.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
