Summary Sprout Social shares fell sharply in the wake of a quarter in which bookings fell short of forecast which in turn caused the company to reduce revenue guidance. The company made some unforced tactical sales execution errors, but they are not existential mistakes and have not derailed the company’s long-term growth story. Sprout’s AI…
A number of new subscribers have recently joined our Ticker Target service. First of all Welcome! I hope you will profit from the service and I welcome questions and comments. I try to provide some commentary on a timely basis for most of the companies that we hold in our portfolios. I often include these…
Some posts are easier to write than others, and the quarterly results/guidance from some companies are easier to deal with than others. Two of the companies in our high growth portfolio reported Wednesday evening. Both of them are suffering from a difficult environment in which to sell enterprise software and IT infrastructure, and from expectations,…
Summary This afternoon we made 2 changes to our high growth portfolio. We sold 1/3rd of our holding of Affirm at Friday’s closing price of $141.19. Affirm shares have risen by 20% this week, and they have more than doubled since the end of August when the company announced its partnership with Amazon. This week, the…