Sale of 300 shares of Procore (entire position); purchase of 100 shares of Shift4, 200 shares of Sentinel One; 100 shares of GitLab; 100 shares of Affirm; 100 Shares of UiPath We made some portfolio changes in the high growth portfolio today. We decided to eliminate the last of the Procore position, selling 300 shares while adding…
As foreshadowed in our recent note on Snowflake, we added 70 shares of Snowflake to our position; we now have a position of 270 shares, which is a weighting of about 4.5%. The investment case for Snowflake was embodied in the note just sent to subscribers. The purchase cost $10,705. We sold 100 shares of Nutanix,…
Summary Snowflake’s recent guidance for 22% revenue growth has disappointed investors and caused a decline in share price. The company’s new CEO, Sridar Ramaswamy, is seen as the right leader to address challenges and drive growth. Snowflake’s AI initiative, Cortex, and other new products have the potential to significantly impact revenue and profit projections. Snowflake…
Summary GitLab shares stumbled in the wake of very conservative guidance for the current fiscal year. The guidance belied very favorable trends in the sales environment including a quarter of record bookings and several other significant sales milestones. The company’s growth in margins and in free cash flow generation has been impressive. The company’s AI…
Pagaya held what was billed as a fireside chat sponsored by the Jeffries brokerage and moderated by the Jeffries analyst, John Hecht. The presentation was webcast by Pagaya and featured the company’s CEP Gal Krubiner, CFO Evangelos Perros and President Sanjiv Das. Just to summarize, the presentation was upbeat with a good deal of positive…
Sold 200 shares of Procore and bought 400 shares of GitLab Earlier today we made a change in the Ticker Target High Growth portfolio. We sold 200 shares of Procore, reducing our position to 300 shares and a weighting of 2.5%. We sold the Procore shares at a price of $81.89 and the net proceeds were…
Nu Holdings has been a recent recommendation, and a recent addition to the high growth portfolio. Its shares have been appreciating-and look to continue that trend judging from pre-market activity today. Nu operates banks in both Brazil and Mexico. Yesterday, both Brazil and Mexico announced that their respective central banks had reduced interest rates. In…
I know that many subscribers are very concerned with the precipitous fall of Pagaya’s share price over the past week or more. It has been painful, and I am sure it is frightening to some. And there has been an absence of information that might serve as a corrective to some of the innuendos and…
Summary Nu Holdings is a profitable digital banking platform operating in Brazil, Mexico, and Colombia with a rapidly growing customer base. The company differentiates itself through its low-cost structure, superior customer service, and innovative product offerings. Despite operating in politically and economically volatile markets, Nu has shown strong revenue and customer growth, making it an…
Sales of 100 shares of Veeva (entire position); 200 shares of Procore and 320 Nutanix-Total Sales of Purchase of 300 shares of UiPath; 500 Shares of Nu Holdings; 633 shares of Pagaya; 400 shares of SentinelOne and 30 shares of Zscaler As we indicated in the post we sent on Thursday, we decided to make…