Sale of 500 Zoom Info: Purchase of 25 shares of Datadog, 30 shares of Snow and 30 Shares of Global-E We made some additional changes in our high growth portfolio, essentially executing on the rebalancing and adjustments we had laid out in previous posts. We had hoped for some kind of a dead cat bounce…
Selling our position in Upstart and replacing it with shares of Pagaya I had commented in past weekly portfolio reviews that I planned to swap out the position in Upstart for a holding in Pagaya. I kept waiting for a good opportunity, but eventually I decided to make the switch today after Pagaya received favorable…
Summary Snowflake’s recent earnings report beat expectations, but guidance reflected continued pressures on consumption/revenue growth. Snowflake’s management believes there will be a growth inflection starting in early 2024, which is not resonating with some traders and analysts. The company’s leaders emphasized the importance of data strategy and its role in facilitating the deployment of AI,…
Summary Global-E’s latest earnings report exceeded expectations, with higher revenue and adjusted EBITDA than projected. The company’s growth drivers for 2024 include the Shopify Markets Pro platform and the migration of Borderfree customers to its own platform. Global-E’s business model and cost ratios have shown significant improvements, with increasing gross margins and stable operating expenses.…
There were several enterprise IT vendors that reported Tuesday evening. None of them could match the fireworks set off by the fantastic Nvidia quarter, but there were some pretty decent results. Splunk and Autodesk both achieved decent upsides compared to prior expectations and were able to forecast higher as well. I imagine most Ticker Target…
During the course of the day, Monday, August 21st. we made a number of changes in our high growth model portfolio. We entered limits for all these transactions which were executed over the course of the day. As there were a number of transactions, I decided to send out one post after market close that…
Sentinel 1 shares are trading more than 16% late this afternoon. Much of the share price spike is related to reports by various sources that the company has hired investment bank, Qatalyst Partners to advise on talks with potential buyers. It seems quite likely that the company has engaged an investment bank to advise it…
I think all of us have been disappointed by the trading action in the high growth IT space thus far in August. Consolidations are uncomfortable, and this one is being compounded, I believe by the spike in long rates, whether or not justified. I will take a bit more look at the course of long…
As we had suggested, we started to sell some of our Doximity position to redeploy funds into more favorable situations. We were hoping for some kind of dead cat bounce but so far that hasn’t happened. We sold a little more than half of the position, i.e. 490 shares at a price of $22.39. This…
This morning we sold 400 shares of Alteryx at $30.29. The sale netted $12,110. We had indicated our plan to reduce our holding of Alteryx shares on an opportunistic basis. It might be argued that the price we received is not much of an opportunity but my patience with this company is somewhat exhausted. Alteryx…