Yesterday, Dragoneer Investment Group, a large San Francisco based hedge fund, announced that it had purchased $300 million or about 9 million shares of Jamf from VC holder, Vista Equity Partners. I think the statement made by Dragoneer is worth considering by subscribers in the context of assessing Jamf’s investment merits. “The trade follows a…
It can be daunting to write reviews on the quarterly performance of all the names that we try to follow at Ticker Target. Fortunately, when earnings are well received, your writer doesn’t feel quite as stressed to deliver some kind of hasty commentary. And it is helpful to know that the crop of earnings that…
Several software companies reported their results on, Sept. 1. 2021. Almost all of the results were upsides; in some cases the shares responded positively, in other cases not so much. I try not to get particularly focused on how shares respond to quarterly announcements as there are so many variables that go into setting short-term…
As suggested in previous posts, we have taken advantage of Doximity’s recent share price compression to add to our position. The shares were weak this morning, August 30, 2021 and so we doubled the size of our position by buying 225 additional shares at a price of $77.99/share. The purchase cost $!7,230. As indicated in…
Summary Digital Ocean is a fairly recent IPO which has not seen its valuation spike to unreasonable levels. The company was identified by well known short seller, Andrew Left, as the next Shopify. More pertinently, in my judgement, was the company’s earnings release in early August which showed the company achieving accelerating growth as well…
As many readers are aware, after the close last evening Affirm announced that it had partnered with Amazon and was in the process of offering Amazon customers access to its platform as a payment option for items worth more than $50. The service is being tested for some Amazon customers currently, and will be rolled…
After several days of risk-on bias, the market has reversed to some degree, today, Thursday, August 26, 2021. As I write this, the Nasdaq Index has declined by about 0.64%. That is about the same as the change in the S&P. The Cloud and Software indices are performing a bit better and were both down…
As we had previously discussed we have finally eliminated the position in CTXS shares that we had held at Friday’s closing price of $103.22. While I do not feel that the Citrix dividend is at risk, the company’s transitions have apparently been mis-managed and have led to multiple guide-downs. I think it is better to…
Pure Pure is scheduled to report the results of its fiscal Q2 on Wednesday, 8/25. I rarely try to handicap quarterly earnings-to do so requires information I simply do not possess. We have about a 4.5% weighting in the name; we started the position more than 2 years ago, and it has appreciated just 20%…
Summary Both Fastly and Cloudflare released earnings earlier in August. Cloudflare’s release was another quarter of beat and raise-typical for this company. The Fastly release was yet another disappointment highlighting lingering effects from a network outage as well as customer delays. My view is that the different valuation paths of both companies have set up…