CRWD

Yes, we did send out our weekly commentary just a little while ago. But the action of the market today. November 22, has impelled us to write an update for subscribers. The pullback today transcended the fintech space, although some commentators focused attention on the performance of those shares which retreated significantly. This was a…

To access this post, you must subscribe.

Read More

I am sure that subscribers will recognize that the last few days have seen a rather substantial pull-back in high growth tech names. Some losses have been greater than others. None of the valuation contraction has been based on some particular changes in the outlook for growth names, or their overall operational performance. We will…

To access this post, you must subscribe.

Read More

Summary SentinelOne held its IPO on June 30th, 2021. Shares were offered at $35; there was modest first day appreciation of a bit more than 20% and the shares are now trading at around $50. SentinelOne is a leader in the rapidly evolving area of endpoint security. Its autonomous AI platform apparently produces the most…

To access this post, you must subscribe.

Read More

High Growth tech names have depreciated sharply since the start of the sector rotation in mid-February. Most names have lost more than 20% as investors have fled the space-supposedly fearful of rising interest rates brought on by expectations of higher inflation. The flip side of this, is that companies in the space have seen a…

To access this post, you must subscribe.

Read More

Tuesday afternoon, several significant software companies reported their results. I will focus on Smartsheet and Crowdstrike since they are holdings in our high growth portfolio; Coupa (COUP) also reported results which were a significant beat compared to prior expectations. It should be apparent that while the violent sector rotation of the past few weeks has…

To access this post, you must subscribe.

Read More

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…

To access this post, you must subscribe.

Read More

Buying the dip

The last few trading sessions have seen a rather significant reversal of investor preferences. Risk-off is ruling investment sentiment and has pulled down many high-growth IT names by as much as 20% in a few days. Losses, as is typical in a panic, have been fairly indiscriminate although the names with the highest EV/S valuation…

To access this post, you must subscribe.

Read More

This is a long post, and in some ways two or more posts in one. If readers want to focus on the recent operational performance of some of the names in our portfolio, simply got to the second half of this article where individual summaries for PLAN, JAMF and CRWD are to be found. On…

To access this post, you must subscribe.

Read More

On Thursday, the Raymond James FinTech analyst, John Davis, downgraded the shares of Square (SQ) to sell from hold And the Rosenblatt IT analyst, Yuri Kim downgraded Anaplan shares from buy to neutral.  And earlier today, Rod Hall of Goldman, Sachs downgraded many of the names on his coverage list including Nutanix. The GS downgrade…

To access this post, you must subscribe.

Read More

Summary Crowdstrike’s numbers, both at the headline and sub headline levels, beat prior estimates by substantial amounts. The revenue growth was 89% and the growth in ARR was 92% both year on year. The unit economics were very strong, and overall the operating loss margin fell by more than 3200 bps. The company’s CEO said…

To access this post, you must subscribe.

Read More
{"cart_token":"","hash":"","cart_data":""}