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PS - Tufin Software IPO: 2.8x Sales For This Company Is Too Low
Pluralsight Inc.
Reporting revenue growth of 31% and gross profit margin of more than 84%, Tufin Software Tech (TUFN) is selling shares at 2.8x sales. Investors may wonder why the underwriters decided to price the company so low. Other software vendors growing at a similar rate are trading at higher multiples. With this in mind, the company is a clear opportunity. If Tufin can manage to maintain the same gross profit margin in the future, growth investors may provide more money to the company. In this particular case, the share price should increase.