Pagaya shares have been noticeably soft the first 4 days of this week. The shares have fallen by 15% so far this week. Pagaya is an Israeli based company headquartered in Tel Aviv. That said, at this point almost all of its business activities are located in the US. Many other Israeli equities have been…
Summary Sprout Social held its 2023 analyst day, reiterating its free cash flow projection of $200 million by 2028 and a free cash flow margin of 20%. The company’s shares have struggled due to higher interest rates and a transition to a focus on enterprise growth rather than customer count. Sprout Social is the leader…
Summary Klaviyo, a marketing automation company, is a recent IPO. The company has a strategic partnership with Shopify and derives a significant portion of its revenue from the retail and ecommerce sectors. Klaviyo’s efficient cost structure, strong customer support, and focus on targeting and segmentation differentiate it from competitors in the marketing automation space. It…
Nutanix held its analyst day on Tuesday, Sept. 26, 2023. It turned out to be less than an optimal day for a positive presentation. Many market participants and doubtless subscribers were spending Tuesday looking at a deteriorating market in which most asset classes were being sold. I am going to focus on the Nutanix analyst…
Summary Oracle shares fell noticeably in the wake of a poorly received quarterly earnings report. My view is that the earnings report highlighted a significant revenue growth inflection in the near future. Oracle’s cloud infrastructure, Cerner acquisition, and apps business are key drivers for future growth. Oracle’s valuation is not overly attractive when accepting consensus…
SummarySmartsheet has become a GARP story as its growth has decelerated and valuations have compressed. The company’s Q2 earnings release should have alleviated investor concerns, with reaffirmed billings growth and strong profitability. Smartsheet is gaining market share in the workflow management space with a solution that is highly scalable and one of the most feature…
Summary SentinelOne’s financial results exceeded expectations, with faster growth and improved margins. The company’s forecast shows stronger growth in ARR than previously projected. SentinelOne competes with Crowdstrike and other cybersecurity companies, but a balanced portfolio strategy is recommended in the cybersecurity space. The company’s newer solutions are now contributing more than 1/3rd to new ACV.…
Sale of remaining position in ZoomInfo; Purchase of 55 Shares of Zscaler, 300 shares of SentinelOne, and 2050 shares of Pagaya We made some portfolio changes this morning. We eliminated the last of our ZoomInfo position, selling 1000 shares at $17.99 which netted approximately $17,990. We augmented 3 positions, those of Zscaler, SentinelOne and Pagaya.…
Sale of 900 shares of Jamf; purchase of 190 shares of Pure Storage and purchase of 190 shares of Global-E As mentioned in previous posts, we are in the process of reweighting our portfolio towards companies that are exhibiting strong growth despite macro headwinds. Toward that end, we are selling 700 shares of Jamf, eliminating…
Pure and Crowdstrike are the #1 and #2 holdings in our high growth model portfolio. The two companies together account for more than 20% of the value in the portfolio. So it makes sense, I think, to review their earnings sooner rather than wait until the weekly commentary is published. While neither company reported what…