Tech investor Orlando Bravo says most software companies don't have enough profit

Thoma Bravo co-founder Orlando Bravo on Wednesday said software stocks are "oversold" and the sector is being pulled down by a lack of profits."Most of these 300 publicly traded software companies, they don't have enough profits," he told CNBC's "Money Movers." "They trade as a multiple of revenue, and that's very, very dangerous."Thoma Bravo, a software-focused investment firm founded in 2008, had over $181 billion in assets under management as of September.Bravo said that as artificial intelligence poses ...