A quick update on public SaaS company stock performance over August.
- Public SaaS companies posted a median EV/Revenue multiple of 13.1x in August.
- The SEG SaaS Index reached a YTD price increase of 5.4%
- The Security Software product category posted a large month-over-month increase, reaching 13.2% as cybersecurity stocks rose due to the recent National Security Memorandum.
- Sprout Social posted the highest YTD price increase of 167% as companies increasingly emphasize social media as the core of their digital strategies.