Two similar companies that I can think of that went public recently is Splunk (SPLK) and Hortonworks (HDP) - their stock is trading mostly sideways, nothing exciting.

Not sure what to attribute this to - having reliable business clients pay for your software seems like very solid business to me, after all isn't that how IBM's and Oracle's of this world came about.

I suspect it comes down to how competitive this space is. Campfire used to be the thing not long ago, and then everyone went to Slack - who's to say that another competitor will not emerge and everyone will ditch their Jira's for something better?