Slack (WORK), Nutanix (NTNX), Anaplan (PLAN) and Pure Storage (PSTG) Thanksgiving week is often quiet period in terms of investment developments. That did not pro0ve to be the case this year. Our team at Ticker Target took 0off much of the week to enjoy time with family and loved ones-not always the same thing, but…
Investors seem to be suffering from a severe case of schizophrenia. Earlier in the week, work-from-home names heavily underperformed cyclical names, On Friday, investors seemed determined to erase that judgement. And indeed, one company whose management pointed out that it was concerned about the percentage growth of its Q4 backlog because of economic headwinds spawned…
As we foreshadowed in our last portfolio commentary we have reestablished a position in Alteryx shares. We spent $20,345 to buy 180 shares. This is approximately a 3.3% weighting in our high-growth portfolio. This is a starter position; we expect to buy more and increase the weighting on an opportunistic basis. This is a day…
Today, November 19, 2020, we have added 300 shares of JAMF to our high growth portfolio. This brings our holdings of the name to 800 shares and that is a weighting of about 4.2%. The cost of the purchase was $9460, and that will put the portfolio on margin by about that amount which will…
As is the case every week there were some interesting developments in the IT space. The basic theme last week related to a sector rotation from high-growth IT names to the cyclical names associated with a cyclical recovery. I will comment more on that theme when I write my weekly portfolio summary; in the meantime,…
Summary Arista recently reported a quarter that marked an inflection in the company’s business. The company beat expectations substantially for revenues and earnings and provided guidance above prior consensus. The company specifically articulated a forecast for double digit revenue growth next year. While the shares appreciated 30% in the wake of the earnings release, there…
Well, first you have to get growth right. As most readers will know, DDOG shares are down around 12% this morning in the wake of the company’s quarterly earnings release. The shares are actually down about 20% in the last week and 27% in the last month. That is not pretty performance, although to be…
We added 400 shares of Fastly to our high-growth portfolio this morning at a price of $70.49. The cost of this purchase was $28,196 and this reduced the cash balance to $159. We took advantage of this morning’s share price pullback of the shares of company’s whose business has benefitted from demand vectors created by…
Yesterday was probably the apogee of earnings releases for the September quarter. I can’t possibly handle all of the data that was in all of the releases. The election continues as somewhat of a concern, although several days after what appears to be a mixed result with a divided government, investors seem content with the…
Summary Fastly shares after peaking in mid-October are down by 42%. The shares declined based on a quarterly miss in terms of revenue and earnings and a guide-down for the current quarter. Most of the miss was a function of issues with the company’s largest customer TikTok that had nothing to do with Fastly’s technology…