Summary Affirm shares trebled in the last 2 months of 2023 before retracing about 1/3rd of the move. Affirm has recently extended its relationships with both Amazon and Walmart. The Buy Now/Pay Later space apparently achieved an inflection in volume over the Black Friday weekend. Published expectations for Affirm are quite modest considering its expanded…
Purchase of 6500 shares of PGY This morning, after wrestling with the issue, I wound up adding 6500 shares of Pagaya at a price of $1.11/share. The cost was $7225 net. This brings the margin balance of the Ticker Target high growth portfolio to $251,845. I think it should be obvious that Pagaya’s announcement yesterday…
Pagaya’s news release, Impinj prereleases an upside, Answering some questions regarding the Trade Desk Pagaya pre-released some elements of its Q4 operating results and made other corporate announcements of interest before Tuesday’s market opening. In terms of the company’s operational performance, revenue was in line with guidance while adjusted EBITDA exceeded prior expectations and network volume was also greater than…
Summary Dynatrace market shares gains are under-appreciated. It’s net new ARR growth last quarter was well above expectations. Its Grail offering has enabled the company to offer users functionality that is unavailable from competitors. The company has recently released security analytics for its observability platform, a boon for developers and deployed DT customers. The company…
Summary UiPath is the leading vendor, by far, in the Robotic Process Automation space. Last quarter’s results were exceptionally strong and market a breakout in terms of net new ARR. The space itself is bucking macro headwinds and is enjoying strong adoption. Process automation coupled with generative AI simply works much better in terms of…
Summary ZoomInfo is the category leader in providing enterprises leads and buying signals in the B to B space. The company has had a significant business concentration within the software and business services vertical. As these segments have experienced their own contraction, Zoom’s growth atrophied substantially. By the end of Q1-2024, about 90% of Zoom’s…
Summary Pure Storage’s business growth is accelerating, despite a miss in Q3 results a guide down in revenue projections for the current quarter. The company’s subscription-based Evergreen revenues are expected to double year over year, contributing to overall growth. Pure’s new products, such as FlashArray E and FlashBlade E, are driving significant market share gains…
I think most subscribers have seen the spike in many Ticker Target portfolio holdings since the Fed announced its rate decision and its future rate forecast Wednesday afternoon. I realize we have some foreign subscribers who may not be familiar with Fed practices with regards to rates and forecasts. The Fed sets the rate for…
Summary SentinelOne reported a strong quarter with above-forecast revenues, improved margins, and raised guidance. The company’s rapid improvement in its business model is a key factor in recommending the purchase of its shares. SentinelOne’s new initiatives, such as its Data Lake and Cloud workload modules, are contributing to its growth and profitability. The company’s AI…
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…