CRWD

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…

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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…

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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…

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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…

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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…

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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…

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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…

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As mentioned, we are making a change in our high-growth portfolio. We are selling our position in Cloudera and buying CRWD at the closing prices of Tuesday. We had 1500 shares of CLDR in the portfolio which we sold for $11.90. That raised $17.850. This was a noticeable loss from our initial investment but represented…

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Summary CrowdStrike shares are down more than 50% from their peak. The company just announced another blow-out quarter that has compressed valuation metrics substantially. The company continues to disrupt the market for End Point security with a unique offering and a huge competitive moat. Most 3rd party research providers rate it as having the best…

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It has been difficult to avoid some of the headlines regarding Crowdstrike. The president essentially dragged the company’s name into the current impeachment controversy.  It is hard to tell to what extent the company’s share price has been affected by its mention amongst all of the swirling tweets and allegations. The company really is not…

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