Sale of position in Smartsheet (460 shares); Purchase of 300 shares of SentinelOne, Purchase of new Position-250 shares of Procore In the wake of the earnings Smartsheet reported last evening, we decided to sell our position. I want to make clear that the sale doesn’t reflect either a bad quarter, or bad guidance. The company…
Sale of 140 shares of Impinj (Entire Position) Purchase of 200 shares of Global One and 100 shares of Veeva We are making some portfolio changes in the Ticker Target High Growth Portfolio. We are selling our position in Impinj. The shares have been a yo-yo in the period since we have owned them. At…
Summary Procore is the leading vendor in the construction industry software space. After quarters of watching, the company saw elongated sales cycles at the end of Q3 and has significantly reduced its growth expectations for this quarter and for 2024. Despite the revenue growth slowdown, the company has been able to achieve significant improvements in…
Summary: Nutanix is experiencing steady growth at 30%, with a notable increase in free cash flow. Global-e witnessed a substantial 53% growth in sales during Black Friday and Cyber Monday. Pagaya’s investor presentations indicate potential positive outcomes in terms of loan originations and margin. Construction spending has exceeded expectations in the last month, suggesting a…
Sale of 100 shares of Bill (entire position); Purchase of 300 shares of Confluent and 300 shares of Pure Storage As we foreshadowed in our latest weekly commentary we have decided to sell our Bill.com position. Our sale price was $67.49 and our net proceeds were $6740. Owning 100 shares of Bill simply made no…
3 of our portfolio companies reported their results yesterday evening. Both Nutanix and Snowflake reported strong results and guided adequately to support the valuation of the shares. Since they did, I will review them tomorrow; most investors and subscribers are probably content with their positions. Pure shares, unfortunately, have fallen substantially because the company reduced…
Crowdstrike, like Zscaler is one of the cornerstones of any high growth IT portfolio. I am not going to reprise all the metrics that were reported last evening. There were no disappointments. Most impressive, at least to me, was the growth in net new ARR which was $223 million, and was up by 13%. Remember,…
Last evening Palo Alto reported results. Beats and raises all around-except for billings. The result is that PANW shares are down 7.5-8.1% in early trade and there has been some limited read through which brought down shares of Crowdstrike and Zscaler by about 2%+ at least for a time. Crowdstrike and ZS are both going…
Global-e reported its results earlier today. The company missed its forecast for revenue and GMV by small but notable amounts. The company had forecast GMV for the quarter to be within a range of $840-$880 million; actually GMV last quarter was $839 million. It had forecast revenue last quarter of $136-$142 million; actual revenue for…
Summary Confluent’s most recent earnings forecast disappointed investors, leading to a 42% drop in share price. The company’s growth is being constrained by macro headwinds and a slowdown in customer adoption of new use cases. Confluent is the leader in stream processing and has acquired Immerok to expand its capabilities with Flink, which is expected…