This morning Axon announced that it was selling $1 billion of 0% convertibles. The conversion price has not been announced. My guess is that it will be at a 50% premium. There is lots of demand for convertible offerings of high growth technology vendors and indeed there are funds who only invest in such converts. …
A somber day for me-I lost one of my favorite clients this day-a mother of 3 small children. I still have a hard time understanding a world that lets that happen. The high growth portfolio made some portfolio changes this morning at the opening. A lot of times I read headlines that are either not…
atakan/iStock via Getty Images Zeta: An enterprise marketing cloud worth knowing Adtech has been a difficult software vertical in which to invest so far in 2026. There have been many investment casualties ranging from The Trade Desk (TTD) to AppLovin (APP) to Hubspot (HUBS). It isn’t that digital marketing growth has stalled-Overall digital market spending…
The high growth portfolio added to positions in Netskope and Bloom Energy earlier today. Netskope reported last evening. The shares, which are up modestly, did not, in my opinion, reflect the strength of what was actually reported. In particular, these results, which included a record net new ARR of $54 million, indicate that Netskope is…
This morning, as stocks declined because of fears of continued rate back-up, the high-growth portfolio made some changes. It eliminated the last of the Unity position-not because of any specific news or change in expectations, but simply because of my expectations that with the rather substantial drawdowns in shares of Nebius and Cerebras in the last couple…
The High Growth portfolio eliminated its 5000 share holding in SentinelOne at the opening today. I was disappointed not to see any significant growth inflection. The company seems unable to achieve any kind of sustained growth above 22%. The shares are cheap enough with a projected EV/S at 5.5X. But what seems to be happening is that…
The Ticker Target High Growth portfolio made some small changes this morning. We took the Unity position from 2500 shares to 2000 shares. The thought process is the same as we discussed earlier this week. It simply seems as though sentiment is limiting the upside for Unity shares in the short term. I haven’t changed…
The High Growth portfolio made some changes in its holdings this morning. The portfolio reduced its Unity position to 2500 shares-a sale of 1450 shares at $45.69. The sale raised $66.240. and the new weight in the high growth portfolio is 3.5%. While I think Unity shares still do not reflect the success of Axon and…
The High Growth portfolio acquired an additional 100 shares of Cerebras, bringing the position size to 700 shares. The purchase was made at $201.99 and it brings the weight in the high growth portfolio to 4.34%. The purchase wound up costing $20,210 and brought the margin balance in the high growth portfolio to $994,787. Shares…
This morning, the high Growth portfolio eliminated its position in the shares of MongoDB, selling 140 shares at $444. 49. The position size is too small, and I am unwilling to chase the shares in front of the impending earnings release. The shares were upgraded today by the analysts at Stifel in a curiously worded report…