Sale of 900 shares of Jamf; purchase of 190 shares of Pure Storage and purchase of 190 shares of Global-E As mentioned in previous posts, we are in the process of reweighting our portfolio towards companies that are exhibiting strong growth despite macro headwinds. Toward that end, we are selling 700 shares of Jamf, eliminating…
During the course of the day, Monday, August 21st. we made a number of changes in our high growth model portfolio. We entered limits for all these transactions which were executed over the course of the day. As there were a number of transactions, I decided to send out one post after market close that…
While most quarterly earnings reports of high-growth software companies have been followed by notable share price declines, there has been at least some faintly positive reactions to the strongest quarterly reports that are judged to be without blemish. The 3 names I am going to review in this post have been able to either buck…
Jamf recently provided a very positive press release outlining strong business trends that seemingly exceeded expectations. Jamf’s business is to some extent correlated with the success of Apple’s Macintosh. Apple announced that Macintosh had achieved 25% revenue growth last quarter. Jamf’s press release spoke to closing 3 of the largest deals in the company’s history-and…
Summary The thesis here is that high growth names are able to produce sizeable returns despite the headwinds of inflation and higher interest rates. The thesis is supported by notable valuation compression in many names that has proceeded unremarked through much of 2021. In addition, most high growth companies are expanding their TAMS by aggressive…
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…
The high growth portfolio has a position of 925 shares of Asana (ASAN) which was acquired at approximately $29/share about a year ago. The shares have been on a tear since the company reported earnings at the start of this month. Indeed, the shares have appreciated by 57% thus far this month, and by 22%…
Today was a somewhat difficult one in the high-growth IT space. There was nothing specific to account for the pullback. No economic data or pronunciamentos from Fed speakers. No policy proposals that were heretofore unknown. But a pullback was experienced in the high-growth IT space and one conspicuous casualty were Crowdstrike shares. After hours, Jamf…
Yesterday, Dragoneer Investment Group, a large San Francisco based hedge fund, announced that it had purchased $300 million or about 9 million shares of Jamf from VC holder, Vista Equity Partners. I think the statement made by Dragoneer is worth considering by subscribers in the context of assessing Jamf’s investment merits. “The trade follows a…
Upstart It is just getting started Upstart reported its results after the close on 8/10. To call the results a blow-out would not do justice to the results. I am not sure I have ever had the opportunity to follow and to own a name with quite such a rapid growth rate. But besides the…