This hasn’t been the easiest of weeks for investors in smaller, high growth names. While looking at our portfolio as a whole, on , Friday, July 16th, changes have been minimal and there has been a marginal bounce back from the stocks worst impacted by the risk-off trends of this past week, the reaction to…
It is rare that I find newsworthy events on which some type of commentary makes sense two days in three. This is one of those rare times. As I write this, Wednesday, July 14th markets continue to move in a risk-off direction-although not precipitately. The inflation reports, both the CPI and the PPI were concerning…
Today has been a modestly “risk-off” day in the market with the Nasdaq up marginally, while the Dow has gained about 0.3%. The CLOU index, however, has shown a more notable loss of 0.7%. Within the moves of the index, I think 2 names should be called out based on some specific news items that…
Summary SentinelOne held its IPO on June 30th, 2021. Shares were offered at $35; there was modest first day appreciation of a bit more than 20% and the shares are now trading at around $50. SentinelOne is a leader in the rapidly evolving area of endpoint security. Its autonomous AI platform apparently produces the most…
We added 950 shares of GAN, LTD (GAN) to our high growth portfolio at the opening price of $16.54 as was our plan indicated in the previous post. As mentioned, the substantial upside that GAN reported as well as the strong increase in guidance, made this a compelling purchase. Indeed, we note that even at…
After the market closed today, Wednesday July 7,2021 Gan announced a very substantial upside in terms of its quarterly operating performance. Specifically, the company is indicating that revenues for the quarter were $35 million for the quarter. This compares to prior expectations for the period of $24 million. Further, the company provided a full year…
Summary Confluent is a recent new issue whose IPO took place on June 24, 2021 at a price of $36/share. The shares have been typically volatile as a new issue, already reaching a high of $58/share before most recently settling back to the mid-$40 range. Confluent offers a far more user-friendly version of the wildly…
Nutanix held a virtual analyst day earlier this week. It was an opportunity for the new CEO to put his personal stamp on expectations in terms of financial performance and operating strategy. The event was well received; the shares rose and are now trading at close to their high-point for the year. While the shares…
Summary Oracle reported results for its fiscal year that ended 5/31/21 last week. The company beat revenue estimates, achieved double digit growth in bookings and EPS was also substantially above prior guidance. Initially, the shares declined after performing strongly the past 3 months. The share price decline was a product of the company’s Q1 EPS…
I have received a number of questions from subscribers and even my investment advisory clients concerning what to do with Asana shares now that they have doubled in the last 3 months. First things first-I am glad the shares have doubled, but I really do not anticipate that they will double again in the next…