As indicated a couple of weeks ago, we are selling our position of 115 shares in SAP. Our sale was at a price of $115.99 and raised cash of $13,320 which we will add to the cash balance of the income/stability portfolio As mentioned in the portfolio commentary from the prior week we felt that…
The last few trading sessions have seen a rather significant reversal of investor preferences. Risk-off is ruling investment sentiment and has pulled down many high-growth IT names by as much as 20% in a few days. Losses, as is typical in a panic, have been fairly indiscriminate although the names with the highest EV/S valuation…
Summary Root is an IPO scheduled to start trading on October 27th. The company has focused on the auto insurance industry and has acquired more 320k currently paying insurance customers. The company uses a unique technology, telematics, coupled with a mobile first paradigm to identify and acquire customers. It offers individually priced insurance based on…
This morning we sold our 500 share position in Sprout Social at $50.29. This sale raised $25,145. We had bought Sprout at $30 in July-this is a pretty significant rate of appreciation. We mentioned in last week’s portfolio commentary that we were considering a sale, and today, after watching the price action, we decided to…
Summary Shift4 payments went public in June of this year. with an issue price of $23/share and first traded at $33/share. The shares are up substantially since the time of the iPO based on operational performance that has significantly exceeded expectations. The company is growing, both by acquiring new users, but also by converting existing…
First, I want to apologize to subscribers for our inability to send out the post last night. We are in the process of upgrading our email service provider and that resulted in the delay. We hope by upgrading to provide faster service going forward-obviously we wanted to have sent out last night’s post, last night…
Fastly, in conjunction with an acquisition the acquisition of Signal Sciences on October 1st filed an S-3 this afternoon. The S-3 embodied the preliminary results for the quarter that ended 9/30. The results were disappointing-at least compared to prior expectations-and left some significant unanswered questions. The company reported that its largest customer, Tik-Tok had curtailed the…
This has been a newsworthy week in terms of corporate developments in the IT world. Of course for the Ticker Target Hi-Growth Portfolio, the most signal event was the strong, pre-announced results of Alteryx that have driven the shares up about 25%. But there have been some other interesting developments that may be tradeable events…
Summary Asana was the other direct listing IPO that started trading last week. The company is a leader in the collaboration/work management space. Its growth has been faster than any of the other public companies in the space. The company’s growth rate has compressed some because of the impact of the economy on the company’s…
Subscribers-once in a while I will take a little bow. And I will always talk about luck and happenstance as well. I am, of course referring to Alteryx, whose shares have taken flight this afternoon as the company preannounced a substantial revenue upside and named a new CEO, Mark Anderson. The shares are up something…