Benefitfocus, Inc.'s (BNFT, Financial) shares soared over 80% from its IPO price during the third quarter. Benefitfocus is the leading provider of cloud-based benefits software for consumers, employers, insurance carriers, and brokers. The company offers an integrated suite of solutions to help customers more efficiently shop, enroll, manage, and exchange benefits information. We believe that the company serves an addressable market that is more than 100 times larger than its current business, which we expect will allow the company to compound revenue at more than 30% annually. (Neal Rosenberg)
From Ron Baron's Baron Funds third quarter 2013 commentary.
From Ron Baron's Baron Funds third quarter 2013 commentary.
