This morning we made some changes in our high growth portfolio, selling the balance of the Shift 4 position and adding to positions in Datadog, SentinelOne, Unity and GitLab. The details are as follows: We sold 500 shares of Shift4 at 104.29. This eliminated the position and raised $52,140. To reiterate, our sale was related to the appointment…
The commentary that we are in the process of publishing suggested that I would take some steps to retain the net long exposure at or slightly above 135%. It fell a bit last week because of the increase in the NAV of the portfolio. So, to keep the net long exposure consistent, I have added…
I want to start by making an unusual comment. At Ticker Target, we make it a point to ensure that all of our subscribers receive content on a timely basis. If there is a problem, we want to know about it. To do so, however, we need some kind of payment confirmation information. We have…
This morning Reuters published an article in which it suggests that GitLab has hired investment bankers and has seen interest from a variety of potential purchasers including Google and Amazon. Rumors about a GitLab sale have been circulating from time to time. The founder and CEO of GitLab, Sid Sijbrandij has been battling cancer and announced that his…
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…
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…
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…
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…
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…
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…