DDOG

Sale of 100 shares of Crowdstrike at the opening; Sale of 100 shares of DT at the opening; Purchase of 120 shares of CyberArk at the opening, Purchase of 40 shares of Datadog; Comments on the ZS downgrades As we discussed in the portfolio commentary we published yesterday, we are exiting our Crowdstrike position. The…

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Sale of 500 DT shares and purchase of 1000 shares of NU and 30 shares of Datadog We made some portfolio adjustments this morning. We sold 500 shares of Dynatrace at $47.79. We were not pleased with the company’s earnings report-particularly its forward guidance for ARR growth. After a couple of quarters of mentally making…

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Bought 60 shares of Datadog at $116.69 We added 60 shares of Datadog to our position in the high growth model portfolio at a price of $116.79. After bouncing from post earnings lows, based in part on a new purchase recommendation by the analyst at Baird, the shares have pulled back. For the reasons listed…

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Summary Datadog reported strong quarterly results, beating estimates and showing accelerated usage growth. Traders were initially unhappy with the company’s guidance, causing a drop in shares. The company’s long-term prospects remain strong, with potential for accelerated revenue growth and increased adoption of its AI solutions. Datadog’s platform strategy is resonating strongly with users. Bookings growth…

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Its business growth is accelerating, its profitability is rising… but guidance appears to be using a methodology designed to be exceeded! Reaffirming my buy recommendation! Datadog (DDOG) reported the results of its Q1 pre-market today, May 7, 2024. The results were a noticeable beat for both revenues and free cash flow. Revenues for the quarter…

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Summary Datadog shares have been trading within a range over the last several weeks after a substantial move from Oct. 2023 till February. The company reported a record bookings quarter and overall strong operational performance when it reported in February. The company’s forecast for revenue growth seems to be substantially less than likely based on…

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ZoomInfo: Some very visible green shoots but there is still a bit of frost in the air We don’t own ZI shares in the high growth portfolio; we did however recommend the shares at the start of this year. I won’t go into a detailed review of the financials that the company reported. For the…

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Portfolio Changes

Sale of 320 shares of Datadog @ $136.59; Purchase of 1000 shares of UiPath @ $25.09; Purchase of 200 shares of Affirm @ $45.59 We made some portfolio changes this morning. We sold about 1/2rd of our DDOG position as it spiked into the opening. The shares are close to their yearly high. The company is…

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Summary The best strategy to invest in the AI revolution is to focus on the pick and shovel vendors in the space. These companies serve as toll takers on the road to the deployment of AI based applications. AI needs lots of storage and thus we recommend shares of Pure. AI needs unified storage/compute and…

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I confess that waiting for DDOG’s earnings this morning was a bit nerve wracking-or more than a bit nerve wracking. 4 downgrades and a difficult environment for some software companies. The only way I could maintain my position was because of the weighting the portfolio had-7% before today. I was prepared to risk 2% to…

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