We made 2 portfolio changes this afternoon. We sold 50% of our position in Rapid 7. The sale does not reflect any foreshadowing of deteriorating growth. We think the space is strong and that Rapid 7 is gaining share in the SIEM market with competitive wins against Splunk. But the shares have about doubled in…
As many subscribers will be aware, some of the cyber security names have appreciated very sharply this week. We currently have about 20% of our portfolio in holdings of CRWD and ZS. This week’s spike is most likely a function of investor interest in the space due to the Russian hack that has penetrated several…
Earlier today, we made another change in our high-growth portfolio. We sold about 50% of our position in Atlassian-132 shares at $240.09. This sale raised about $31,685. Atlassian is a great company with a long runway of growth. But the shares have gained 25% in the last month. Part of that gain probably relates to…
As many subscribers will have read, Pluralsight announced its acquisition by Vista Equity Partners for $20.26/share in an all-cash transaction. We think that Vista got a steal-but the press release suggests the company had shopped itself for some time period and this was the best bid. I have no reason to doubt the language of…
As noted yesterday, we sold our position in Slack in the wake of its purchase by Sales force. We added to our holding of Alteryx but still had some funds available to start a new position. We considered a number of names but ultimately decided to add Smartsheet to our portfolio. We have written about…
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…
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…
Today, November 19, 2020, we have added 300 shares of JAMF to our high growth portfolio. This brings our holdings of the name to 800 shares and that is a weighting of about 4.2%. The cost of the purchase was $9460, and that will put the portfolio on margin by about that amount which will…
We added 400 shares of Fastly to our high-growth portfolio this morning at a price of $70.49. The cost of this purchase was $28,196 and this reduced the cash balance to $159. We took advantage of this morning’s share price pullback of the shares of company’s whose business has benefitted from demand vectors created by…
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…