 Hmm. What's up money geeks? Mr. V here. Welcome to another video guys. So in today's video I want to talk to you guys about my top five software as a service companies. They call them sass. So s-a-a-s Software as a service. So before we get started guys if you're new to the channel We'll talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button any notification bell So you don't miss out on new content. So Top five software as a service companies a lot of these companies You're probably aware of or maybe you probably don't have any idea And for me the reason why I know a lot of these companies is because I work in technology So I know these companies a lot of them again Are companies that operate behind the scenes that a lot of people don't even know or see in real life So, um, you're probably asking yourself, but what is software as a service, right? You have a ton of companies that you go and subscribe and use their service Maybe on a monthly basis on a quarterly basis buy Annually or annually basis you just subscribe and when you don't feel like using them anymore You you know, you terminate your subscription These companies they used to be where they would package a software and ship it to you and you install it on your pc Or on your macbook and then use it for the life of that software Then they would send you updates just periodically and you can update their software and get new features But today the way these companies have gone around that and which is smart from a business standpoint is they they Get you to subscribe and pay a monthly fee to use it It helps the company cut costs because they don't have to package softwares and send them out They can just do one quick build and push it out and it goes to all their customers at the same time Which is awesome. So That's I just want to give you guys that kind of context as far as what I mean by software as a service So let's jump on the computer and take a look at my top five software as a service companies So let's go the first one here on my list is mongo db ticket symbol mdb mongo db engages in the development and provision of all general purpose databases So databases for any application that you see run that it's online that people Use for maybe you just creating an account online and having a username and password All that information gets stored on the back end in the database. So mongo db kind of provides that kind of service So let's just walk through it. So as of you know, when I was recording this video The the start price was actually 201 and as you can see here Let's work through it in your 52 week high is 243. So it's not too far from it's a 52 week high And in a 52 week low is 93 dollars. We that would have been a perfect time to jump in in and buy so This company is it has a really good reputation in the tech space for people that are really into tech As far as the back end as far as databases Which is which is really good. And most people wouldn't even know about this company If you don't really work in tech because when you go online, you don't see them They don't have a flashy front end that people see Like most companies do so But on the back end, they have a solid foundation So it's walkthrough So if you if you look at it and just one thing just to be clear This is these companies are companies that don't pay dividends just yet They don't pay any dividends. So if you're looking for a dividend paying stock This is just growth stocks Again, then something that I want to call out here Just for for a lot of people to know Before you actually invest in a company like this, you might see that there as you can see their their pe ratio here is 55 so that's a very I mean in the in the sense of You know investing that pe ratio is really really low I'm gonna say the really really but it's low which It could mean one of two things right It could mean that this company is not doing good It could mean that this company is heading towards bankruptcy But a lot of these tech companies the reason why you don't see them having us Like a really good pe is because they reinvest all of their money back into the company That's what they don't even pay dividends just to increase the growth of that company So hopefully down the road, they can start paying dividends. So that is number One of my list at mongo db. Okay. Let's jump to number two. Number two here is smart sheet Smart sheet engages in the design and development of cloud-based platform for work management So for for for people that you know do projects and stuff like that Manager calendar and all that stuff online Smart sheet provides a really good platform for you to be able to do that And again, these are companies that a lot of people don't really just see like don't have that face reputation when I mean When you see a company you see you go online You see some of the stuff that they do people can relate to that We have a physical product that you can actually use people can relate to that But these guys are again, like I said, this is our software as a service or SaaS companies So let's take a look at the numbers here When I was recording this video, it was a little bit just over $47 a share Yeah, 52 week high is $60 and some change 52 week low is 30 again Now would have been a good point for you to get in PE ratio is minus 52 Again just doesn't mean that this is a bad company doesn't mean that they're going bankrupt It just means that then they are actually reinvesting A lot of their money back into the company for growth Again, if you know about like a tech tech companies, that's what they do to take that money They don't pay any dividends to reinvest it and just continue to grow That's why this is a these are all growth companies and not dividend paying companies Hopefully down the road they'll start paying some dividends. So let's move on to number three Number three here is ticker symbol ddo g data doc So they engage in the development of monitoring and analytics platforms for developers So if you're a developer, you probably know these companies and you probably know data doc Again, these are if you look at the PE ratio is one here is so the PE ratio is so high And again, high PE ratio could mean that maybe this company is overvalued But for companies that are reinvesting money back into the company I I don't mind that for tech companies. So you do your own research before investing in this company Don't just jump in and invest and say mr. V said these are good companies I like them doesn't mean they have to you have to do your own research So let me move on to number four. Number four here is one that everybody knows already Ticket symbol zm zoom This stock is just on crazy crazy fire Again, look if you got a PE ratio there, it's crazy. Um, it's just so high So in the question is a zoom a company to invest in from a growth standpoint I would say yes, because if you if you look back here where Zoom had their 52 week low was 60 dollars and they're 52 week high now sitting at 239 Which is I mean, so they're really big. They're 52 week high. So It to me zoom is one of the ones that on this list Has a ton of potential but very risky At ease is this group continue to is it going to continue After covet is over because with the onset of covet a lot of people jumped on to zoom and they picked up a lot of Users so now is when covet is over people go back to work go back to the offices It's zoom still going to be You know we're having the same amount of growth. So it's just something for you to be careful about I I personally think that zoom still has a tremendous amount of upside. Um, there's other companies that are competition to to zoom but zoom has actually Distinguished itself. So facebook came out with your own You know video conferencing But people you think about facebook you nothing about video conferencing you're thinking about connecting with people and doing stuff So when you think um, I think um, microsoft came out with one And again, I think about microsoft and think about my pc. I think about the windows operating system and stuff like skype I'm not thinking about you know, just dedicated for a video conferencing like zoom has done Over the years, they've actually just like zone in pick and niche and become an expert at that niche Which is um, awesome. So uh, and last but not the least here is ticker symbol s h o p Shopify i've actually spoken about Shopify here on the channel I'm gonna hook that video up here so you can definitely go check it out when when we talked about Shopify here on the channel I think it was about it was About 400 dollars at that point. Um, so that was like two months ago. Hey, look at that It's gone from 400 now to over 800 dollars 52 week high here is four Um 888 52 week low is 281 man now they've been a good place to go in here P e ratio is now negative here again still just showing that this company Is you know, it can mean like it's losing a ton of money, which is not the case The difference is that they are reinvesting all that money back into the company. They don't pay any dividends And they're just trying to increase their growth. So I personally see Shopify breaking A thousand dollars and in heading for 1500 even to two thousand dollars in the next two or three years That is, you know, within the realm of of of Shopify because what they've done is they they're stealing people from etsy Um over to Shopify because etsy takes a cut But when you create a Shopify store, you only do a monthly payment And that's it and you you you make let's say you use their their basic plan was $29 a month Whatever sales you make on that platform is your money to keep but etsy takes a cut of every sale that you make so a lot of people are Just migrating from etsy over to Shopify to create their own shops and take control So there you go guys, this is my top five software as your service companies Let me know in the comment section. Do you know any of these companies? Do you have any of them in your portfolio? Definitely, let me know again in the comment section and as always guys like share subscribe YouTube tells me that 90% of you guys watching having already subscribed to my channel It would make my day if you hit that subscribe button and the notification bell and as always Stay motivated