Earlier today, Upstart shares dropped below $115 a share for a time, and while they subsequently bounced, they finished the trading day just above $119/share Wednesday afternoon, down $4/share or about 3% +. The market has spent the last few hours adjusting to the release of Fed minutes and to Jay Powell’s press conference that some…
Zoom Info held its analyst day on Monday, June 14, 2021. I sometimes get pushback from subscribers and investment advisory clients as to why I have been so positive on Zoom shares. There are two elements that I would point out. One of these is the company’s growing TAM. Many people, if they consider ZI,…
Summary Alteryx reported its Q1 results5 weeks ago. Those results included significant beats in terms of revenue, non-GAAO earnings and ARR growth. The company did lift its forecast for ARR growth such that the last two quarters of the year are expected to show growth in the low-mid 30% range. At the company’s Inspire event,…
Summary Big data analytics and decisioning is one of the cornerstones of the digital transformation revolution sweeping through much of the IT firmament. The two leading companies in providing the building blocks for large data warehouses, and for decisioning applications based on big data analytics are Palantir and Snowflake. Both of these companies have already…
As we indicated yesterday, we made some changes in the portfolio. While we had hoped to get more of a spike in Upstart, the short covering rally apparently ran out of gas. We had our orders in, and one of them was filled at $159.99-but the other orders we had entered have not been filled,…
Many readers will have noted the rapid appreciation of Upstart shares last week. The shares rose by just less than 50% in the last 5 days. I have considered what to do next. While part of the reason for Upstart’s performance is that the shares should have appreciated and not fallen when earnings were released,…
Summary Fastly reported its Q1 earnings on May 5th. Quarterly results were a small beat. The Q2 outlook was below the consensus, the full year estimate for revenue growth was increased. The shares plunged 27% after the release of the earnings report and they are now down 40% since early March. Investors and commentators are…
Earnings season got underway in earnest last week. It was not a great week for the software names. The IGV fell a couple of percent and the CLOU index was unchanged. The CLOU index benefited significantly from the announcement that one of its heavily weighted constituents, Proofpoint, is being acquired by the PE firm, Thomas…
We eliminated our position in Aspen tech earlier today selling 140 shares at $128.99 which raised $18,040. We were disappointed in Aspen’s performance last quarter and equally disappointed in the company blaming it on the weather. This is a software company and not a home builder. Obviously sales execution was dramatically below expectations to lead…
Summary UiPath is one of the creators and a market share leader in the field of Robotic Process Automation. The company has grown prodigiously and growth was accelerating at the end of the last fiscal year. The rapid growth for UiPath was accompanied by one of the more spectacular leaps toward profitability I have seen…