We are selling 185 shares of Alteryx at the current price of $175. This will raise $32,375. We are selling this part of the position to bring out weekly sales to around $55,000 for the week. This will conclude the sales for the week unless one of the other components of the portfolio spikes and…
Square shares are on a spike today and have reached beyond $126. We are selling our position of 215 shares at $126 at this point. This is congruent with the strategy that has been outlined in the last weekly portfolio commentary. There is nothing wrong with Square whatsoever. We have no reason to believe it…
Salesforce reported its results more than a month ago on May 28th, 2020. Initially the shares fell based on what was considered to be weak guidance for the company’s fiscal Q2. However, it was more of a pause that refreshes, rather than any major rerating, and the shares have come close to a new high…
Summary nCino recently filed its preliminary S-1. The company is the leader in a platform-based, SaaS, offering for the banking industry. Its unique capability is that its solutions all run on a single platform with a 360 degree view and no data silos. The company uses Salesforce as its primary data platform. The company is…
Oklahoma was an American musical, the first collaboration between Rodgers and Hammerstein that was initially performed in 1943. There is a song in the show called, “Everything’s up to date in Kansas City.” The context really doesn’t matter too much, but one of the lines in the song goes, “they’ve gone about as fer as…
Those readers/subscribers who follow software companies, will often be drowned in jargon that might make sense during interviews with management or conference calls, but whose meaning seemingly disappears into the mists of day, once a reader is trying to evaluate what a company does. I confess to often being baffled by jargon and needing a…
Earlier today a subscriber wrote to me regarding whether I though the share price action of Fastly was surreal. Another subscriber advised me that an investment discussion board was carrying a comment to the effect that Fastly had raised its growth guidance to 60%. As subscribers know, we have a relatively significant position in Fastly…
The stock market keeps climbing a wall of worry and price targets are toppling like tenpins. But even the greenest of lawns can have a few patches of brown and some clumps of dandelions. Recently one of those brown patches has been the share price performance of Pluralsight. Pluralsight shares had started to perform consistently…
ZoomInfo-One of the hotter IPO’s of 2020 ZoomInfo went public in early June. The company’s offer price $21 and the company sold 44.5 million shares. It has so far been the largest IPO of 2020, although I imagine Snowflake will surpass this company in the size of offering when it goes public. The shares started…
It has been a relatively long journey to write commentaries on many of the companies that reported in the last 10 days. And I have still missed a couple of names such as Medallia and Coupa that are of interest to some subscribers. But the current installment will cover the balance of the names on…