Summary The Trade Desk is the leading independent demand side digital advertising platform.While its percentage growth slowed progressively last year, its relative performance improved.The company enjoys a strong position in the connected TV space with inventory available from most leading content providers.The company’s privacy technology, UID2, has enabled the company to escape some of the…
We have made some changes in our high growth portfolio this morning. We have sold our positions in the shares of Braze and JFrog. We sold 800 shares of Braze at $30.99 which netted $24,780. We were very reluctant to sell our Braze position. It has a leading position in customer engagement. It has unique…
Summary Monday.com recently reported an exceptionally strong quarter with revenues, earnings and free cash flow margins far exceeding expected levels.Of more importance, unlike many other high growth IT companies, the company raised guidance for both earnings and revenues.The company is enjoying noteworthy market share gains as it pivots its sales effort to larger users.Unlike competitors…
This has proven to be a frustrating week through Wednesday. Fears of Jay Powell’s testimony, and then the testimony itself, were factors in creating a risk-off climate in the market. In addition, the ADP jobs report, and the report on job openings were thought to be too hot and the inversion of the yield curve…
We have made some changes in our Ticker Target High Growth portfolio today, March 6th. We sold our position in Elastic. The sales price for the position was $ 66.19. That netted $45,330. Elastic’s operational performance has simply been disappointing. The technology is great, but the company has had a difficult time in converting a…
Summary Sprout Social’s recent quarterly report showed a growth acceleration in the percentage growth of ARR.The company’s partnership with Salesforce is in its nascent stage, and the benefits Sprout will achieve because Salesforce has sunsetted its product in this space are just starting to emerge.The company’s largest competitor, Hootsuite has run into financial issues and…
Summary Datadog reported the results of its Q4 about 10 days ago.The results were a noticeable bet in terms of both revenues and margins, while the guidance fell short of prior expectations.The current forecast reflects moderating usage growth on the part of some of Datadog’s largest customers who are encountering some specific business issues.The forecast…
Summary Alteryx Q4 earnings were a significant upside with better than expected results for revenues, ARR and non-GAAP operating profits.The company is benefitting from a significant set of initiatives including a new go-to-market motion and a cloud analytics platform.The company is benefitting from a significant set of initiatives including a new go-to-market motion and a…
Upstart shares are up by as much as 20%+ as I write this Wednesday morning. No, that isn’t a typo. And no, that in no way is a reflection on the company’s operational performance or guidance. The guidance was just as bad as the headlines portray. The company simply doesn’t have the current capacity to…
There is a saying about there being no old, bold airline pilots. The saying, in some modified form, could well apply to those commentators trying to make sense of the enterprise software space at the start of 2023. Buyers in many segments of the IT space have cut their investment in the enterprise software, almost…