Last week saw the end of company’s reporting their January ending quarters. We are focusing here on 3 companies, one of which is in our high-growth portfolio. Of these 3 companies, two, Braze and nCino reported quarters significantly better than had been expected. While UiPath also reported a strong quarter, its guidance was more than…
Summary Mongo reported a halcyon end to its fiscal year when it reported earnings a few weeks ago. Revenue growth accelerated to 56%, billings growth was even stronger, and the company reported its first ever annual free cash flow generation. The company is the leader in the market segment for NoSQL databases. The adoption of…
Summary Smartsheet’s latest quarterly earnings release marked another quarter of greater than forecast performance, most notably in terms of calculated billings. The company chose to provide investors with a cautious guide; it typically has over-performed its forecast. The company’s deferred revenue balance has grown 51% year on year providing the company with greater than normal…
An extremely volatile week, although the net results was a significant snap-back rally. Our high-growth portfolio had the largest percentage gain since it was launched in August 2016, and was up by almost 21%, without much in the way of leverage. Our acquisition of an additional 500 shares of Affirm worked out, but it was…
We initiated a position in the shares of Okta last fall at a price of $261. We believed that the merger with AuthO was underappreciated, and that the growth opportunity was substantial. In a way, that played out. But along the way, the shares were hugely rerated along with most other tech names. Then the…
Marqueta reported one of those quarters earlier this month for which the phrase, “the beer doesn’t get any colder” is most appropriate. While the company is thought of as an issuer of credit cards its real raison d’etre is that of a pick and shovel vendor for many different fintech apps. The company has a…
While most quarterly earnings reports of high-growth software companies have been followed by notable share price declines, there has been at least some faintly positive reactions to the strongest quarterly reports that are judged to be without blemish. The 3 names I am going to review in this post have been able to either buck…
We purchased 500 shares of Affirm in our high growth portfolio near its opening price. That increased the size of our holding of Affirm to 800 shares at an average acquisition cost of $41 Our position is now a 3.9% holding. This will be reflected in the charts we send next week. We had spoken…
The performance of equity investments have gone from bad to worse. At this point, it would appear that fears are now focused on the potential for a significant recession that will dramatically reduce earnings and perhaps lead to liquidity issues on the part of some major businesses. Will that happen? Obviously issues such as $4/gallon…
Asana shares have fallen almost 25% as of this writing on Thursday afternoon. The cause is the guidance the company provided as part of its earnings release. The quarter the company reported was an upside in all respects. Revenues for the quarter were $112 million, or growth of 64%. The company had forecast that revenues…