We made some changes in the high growth portfolio this morning. Shares of Everpure continued to spike. The spike today probably relates to an upgrade by the analysts at Susquehanna who raised their rating to a buy with a $125 PT. In addition, Morgan Stanley raised its PT to $108. The run in the shares…
This morning DigitalOcean announced that it was spending $500 million to retire its current convertible debt outstanding. This is to be funded by simultaneous offerings of shares. The net of these transactions will leave the implied outstanding share count alone. The press release called out that this transaction might result in some share price volatility and that…
The high growth portfolio made some changes this morning. Specifically it acquired 200 additional shares of Palantir at today’s opening or $128.99, it acquired 60 additional shares of Arista at $165.62, bringing that position to 860 shares and it sold half of the remaining Affirm position at $84.98 leaving 200 shares. These transactions cost $25,805, $9945 and raised $16,990 respectively. The…
We made some changes in the high growth portfolio this morning. We sold 700 shares of Affirm at $81.27. We felt that the 1 month appreciation of 9% in this market was a long way in a short time. The sale raised $56,880. There is nothing wrong with Affirm’s business. We think this will be another beat…
I made some changes in the High Growth portfolio this morning. I sold half of the Datadog position after its recent run. I think the shares are likely to consolidate after a 66% run in the past month. I decided to redeploy the funds to other positions that I believe have a grade potential for…
As foreshadowed in our midweek update post, The High Growth portfolio acquired 200 additional shares of Arista. We bought the shares at $146.99 and the Arista position in the high growth portfolio is now 600 shares with a weight of 4.12%. The purchase cost $29,505 and brought the margin balance in the high growth portfolio…
It is a busy week for earnings and in order to keep up I try to work on some comments about companies in our portfolios as they report results. a) DigitalOcean DigitalOcean shares rose by more than 40% on Tuesday in the wake of reporting a very strong quarter-or better said, a strong quarter and guidance…
Sundry Photography/iStock Editorial via Getty Images Arista: An AI Infrastructure vendor with best in class profitability It has been about a year since I last reviewed Arista with an article on SA. It has been a rare tech stock that has shown meaningful appreciation over the past year. While the shares have risen by more than 100%…
We made some changes to the high growth portfolio this morning. Shares of Monday finally showed a bit of relative strength and we sold the entire position-550 shares. A big loss-but we simply have no wish to marry a company that seemingly lacks visibility beyond the next 9 months. We sold 550 shares at $76.45 and that…
After 3 days of relative decent performance in the software space, the paradigm seen last August continued today. That is despite numerous indications that the enterprise software space had a fairly strong Q4. We bought 1000 shares of Navan in the high growth portfolio as a starter position. Part of the reason we made this…