Divvy stock for free#
Furthermore, Lockheed trades at a reasonable valuation, at around 17.5 this year's earnings estimates and around 20 times management's projections for free cash flow.īut those earnings and cash flow estimates could go up, since they were given right before the Russian invasion of Ukraine. With a share price that high, it may also be due for a split sometime in the future.Īlthough Lockheed has seen its shares rise as the Russia-Ukraine war broke out, shares are up only about 15% since then, which isn't nearly as much as some commodity stocks have risen. Near $450 per share, defense leader Lockheed Martin ( LMT -0.84%) could see its stock rise amid geopolitical tensions. 2022 may be a challenging year amid rising rates coming out of the pandemic, but for long-term investors, it could be an opportunity. Shopify should remain a top growth stock as e-commerce takes up a greater percentage of retail sales throughout the world. Shopify just opened up the massive Chinese market to its customers through a partnership with JD.com, which could be a big deal for many merchants.
Divvy stock software#
Starting with software for online stores, Shopify has grown services for payments processing, the consumer-facing Shopify Pay button, point-of-sale devices, fulfillment, working capital loans to merchants, and now international expansion, both directly through Shopify and also through partners. That's especially true since Shopify continues to innovate and roll out new products and services. With its platform giving merchants the chance to sell directly to customers and therefore eschew powerful e-commerce marketplaces, there should be much more opportunity. e-commerce market, good for the second highest share next to outright leader Amazon. However, founder and CEO Tobi Lütke has always had an eye on the long term, which has led to Shopify's success to date and what we preach at the Fool.Īccording to eMarketer, Shopify has captured about 10.3% of the U.S. Divvy, meanwhile, touted impressive numbers as part of its last funding round announcement, reporting that “it had reached $100 million in spend through its service in its first 18 months of business,” according to TechCrunch.With investors now focusing not just on growth but also profits and free cash flow, that's not a fashionable strategy for this market. Its performance as a public company has been mostly seen as a success since it debuted in 2019. That’s a bit irregular typically, public fintech companies have made a few acquisitions during its time as a private company.Īs of this morning, ’s market is a touch above $11 billion. Notably, does not seem to have made any other acquisitions (or at least no acquisitions worth noting by the press and private capital databases). If the sale of Divvy to was to go through, a number of well-known venture firms- New Enterprise Associates, Paypal Ventures, Insight Partners, Tiger Global Management and others-would be adding another, likely successful, exit to their portfolio. Forbes reported that, although the acquisition price is not known, has floated paying $2 billion or more for Divvy in past exploratory conversations. The startup, founded in 2016 by Alex Bean and Blake Murray, has raised $417.5 million across five publicly known funding rounds. The corporate expense management platform, as of today, is reportedly worth a pre-money valuation of $1.6 billion, according to Crunchbase.
This article has been updated to reflect recent breaking newsĪccording to Forbes’ Eliza Haverstock and Alex Konrad, may announce its acquisition of Utah-based Divvy when it reports its first-quarter earnings tomorrow. 30, subject to regulatory approvals and closing conditions. The transaction is expected to close by the end of Sept.
Our expanded platform will provide more automation and real-time information to SMBs, enabling them to make more informed decisions,” René Lacerte, CEO and Founder, said in a statement. “Customers have been asking us to help them with their spend management, and I am excited that together with Divvy, we can deliver on that ask, furthering our vision to transform SMB financial operations. will acquire Divvy for about $625 million in cash and $1.875 billion of. The acquisition will enable ’s offerings to be expanded to let businesses automatically manage accounts payable, accounts receivable and corporate spend. has entered into a definitive agreement to acquire Divvy in a stock and cash transaction valued at about $2.5 billion, according to a press release.
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