Can You Buy Exabeam Stock/IPO? Here’s What You Need to Know

Exabeam is considered one of the leaders in UEBA, SIEM, and XDR-based cloud security solutions.

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Investors are looking for ways to buy Exabeam stock, but what are its script price, ticker symbol, and other details?

We checked it out, and here are all the answers.

Can You Buy Exabeam Stock?

Exabeam is a private company. Its shares cannot be bought on the stock market.

Its founder, Nir Polak, indicated in an interview in 2019 that the firm might be looking to go public in the future.

However, there has not been any follow-up action on this so far.

For those keen on getting Exabeam securities, there might be another route to do so.

We will discuss that in the later sections of this article.

Our article will also focus on the possible date for an IPO in the future and what it might look like.

But first, let’s talk about the company and its products.

About the Company

Exabeam is a cloud security operations firm.

It is considered the pioneer of User and Entity Behavior Analytics (UEBA) products.

The company has two main product offerings: Fusion Extended Detection and Response (XDR) and Fusion Security Information and Event Management (SIEM).

The former enables automatic threat detection, investigation, and response for cloud-based systems.

On the other hand, the latter is an automated logging and search solution for security teams.

Both use artificial intelligence and machine learning algorithms to identify patterns in network usage.

These become the cornerstone for judging abnormal behaviors, which are then flagged as threats.

Since 2020, the company has been investing in its Exabeam Partners Program.

It includes more than 400 MSSP, MDR, system integrator, consultant, reseller, and distributor partners of the firm.

The business also has various integrations on its platform with firms like Snowflake, Okta, and CrowdStrike.

Exabeam was founded in 2013 by Nir Polak, Sylvian Gill, and Domingo Mihovilovic.

It has its head offices in San Mateo, California.

Who Owns the Company?

Exabeam is a privately held company.

Its ownership lies with the founders, management team, and, of course, the venture capital backers of the firm.

Here are a few VCs that have provided Exabeam funding in the past:

Blue Owl Capital
Sapphire Ventures
3737 North Capital
Cisco Investments
Lightspeed Venture Partners
Icon Ventures
Aspect Ventures
Norwest Venture Partners

How Much is the Company Worth?

Exabeam raised $200 million in June 2021 at a valuation of $2.4 billion.

This was part of the Series F round of funding and was led by Blue Owl Capital’s “The Owl Rock” division.

Lightspeed Venture Partners, Norwest Venture Partners, and Acrew Capital supported it.

Before this, Exabeam was valued at $800 million through another funding round in May 2019, when it raised $75 million.

In total, it has accrued $390 million since 2014.

Revenue

In a press release in June 2021, Theresia Gouw, a board member with Exabeam, mentioned that the company had crossed $100 million in annual recurring revenue in 2020.

In fact, she stressed that the firm was the first among a crop of private cybersecurity companies to achieve this major milestone.

Various online estimates tend to hover around a similar number.

There has not been any recent statement regarding its revenues in the public domain.

Exabeam IPO Date

Exabeam has not announced a formal IPO date so far.

In a 2019 interview, the then-CEO Nir Polak shared the company’s intention for an IPO “in the 2020 range.”

He further clarified that the timeline would remain subject to the market situation.

In the same year, Michael DeCesare was brought in as the new CEO.

He replaced Nir, who took on the chairman and executive team member roles.

Michael was responsible for taking his former company, ForeScout, public.

Many analysts saw this as an indicator that Exabeam was approaching an IPO.

However, there has been no action so far after this.

The leadership team has also maintained silence about a possible listing ever since.

Given its burgeoning valuation, analysts hope for a public offering this year, but no formal announcement has been announced.

Investors who want to get in on Exabeam securities have only one option, which we discuss below.

Pre-IPO Stocks

Several pre-IPO platforms exist, such as LinqTo, EquityZen, and Forge Global.

These allow traders to buy shares of companies that have not listed themselves publicly.

This is possible because early investors or employees sometimes want to liquidate a part of their stockholdings in a firm.

These marketplaces unite interested buyers and sellers and help them negotiate a deal.

Note, however, that this option is available only for accredited investors, not retail ones.

These individuals have a net worth of over $1 million or a monthly income of $200,000 for three consecutive years ($300,000 with a spouse).

Exabeam Ticker Symbol

Since Exabeam has not yet filed for an IPO, it has no associated ticker symbol.

It would have to first apply with the Securities and Exchange Commission using the S-1 form, specifying that it wishes to offer its shares on the markets.

Once this process is completed, the SEC will help it choose an appropriate symbol before a public listing.

Here are some possible options Exabeam might consider

EXBM
EXAB
UEBA

As of now, we cannot be sure what it might be.

The company will surely consider many factors before zeroing in on an appropriate symbol.

Stock Price

Since the Exabeam stock is not listed, no price is associated with it either.

As and when the company chooses to go public, it will engage investment bankers to evaluate its worth.

These firms usually employ complex algorithms and techniques to decide what investors should pay for owning an organization’s shares.

This is then communicated to traders at the time of the public listing.

We cannot take into account all the factors such an exercise might consider.

However, one thumb rule that some IPOs adhere to is to value the stock near its competitors.

Using this logic, a $75-$200 price range seems appropriate for Exabeam.

However, what the firm finally chooses will depend on many other factors.

Exabeam Competitors to Invest in

The company is considered a pioneer and category creator in its field.

A few more such firms compete directly with it, but most of them have yet to reach the IPO stage either.

Here are a few other options investors could consider in the cloud security and computing space.

Okta Inc (NASDAQ: OKTA)

Okta is one of the partners of Exabeam and operates in the field of identity and access management.

It was founded in 2009 and is headquartered in San Francisco.

The company provides cloud-based applications that help manage user authentication for web services and devices.

It also helps developers include identity controls in their cloud-native applications.

The firm was listed in 2017 with an initial valuation of $6 billion.

In the financial year ending 2022, Okta’s revenues were $1.86 billion, but its net income was negative (-$815 million).

VMware, Inc. (NYSE: VMW)

VMware produces virtualization and cloud computing applications.

It was the first company to virtualize the Intel x86 architecture back in the 80s

Coming back to today, VMware created its Cloud Foundry solution in 2011.

It is a platform-as-a-service software that supports the application deployment of Java, Sinatra, Node.js, and Ruby-on-Rails.

Similarly, its own infrastructure-as-a-service platform, vCloud Hybrid, was created in 2013.

Its objective was to provide compatibility between virtualized VMware software and cloud applications.

The company ended the fiscal year 2022-23 with annual revenues of $13.35 billion, of which its net income was $1.31 billion.

ServiceNow Inc (NYSE: NOW)

ServiceNow has created a cloud computing platform that helps enterprise operations manage digital workflows.

For example, large organizations use its software to set up their IT helpdesk. This setup is charged on a seat-per-month basis, with a price of $100 and below.