AYX

As the first sentence of The Tale of Two Cities puts it: “It was the best of and the worst of times.” I am sure that many subscribers are unhappy-or more than that with the performance of Alteryx and Fastly. Presumably, some subscribers are pleased with the performance of Shift4 and Datadog. I try to…

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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,…

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When you go to the grocery store, you are confronted with a choice of buying ripe (yellow) bananas which you can eat immediately, or buying green bananas, which will take some time to ripen. It can be a conundrum. You may not be able to eat all of the ripe bananas before they go bad,…

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Alteryx: Yesterday, AYX and Snowflake announced a partnership that enhances the integration between the Snowflake platform and what Alteryx now calls its analytic process automation solution set. Alteryx shares were up 7%+ on the basis of the announcement. Alteryx is a 7%+ weighting  in our high-growth portfolio. Snowflake is perhaps the leading platform these days…

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Summary Enterprise software turned in a spectacular performance in 2020. My tea leaves suggest that the space will continue to outperform broad indices in 2021. I think a reasonable portfolio should focus on those companies who experienced demand headwinds in all or part of last year. I have taken a portfolio approach to making recommendations.…

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We are enlarging our AYX position from about 5% to 7.5%; we have bought 150 shares at a price of $111.49. I get questions sometimes about the price we buy and sell in the model portfolio. We actually have a model portfolio that we manage on behalf of a specific (unidentified) client. Very often we…

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As most subscribers are aware; Salesforce has announced a deal to acquire Slack. The transaction was one of the most leaked I have seen in the recent past and there was nothing in the actual transaction that hadn’t essentially been already anticipated. The transaction, as structured, includes a cash consideration of $26.79/share + 0.0776 shares…

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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…

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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,…

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