I am getting this to subscribers a bit later than normal-last week’s post ran too long so this was not included. Then too, with the excitement with regards to Oracle and Nebius, my scheduling got severely impacted. Here is the list: the first 3 ideas are the companies that have just reported, i.e. Oracle, Nebius…
I made some changes in the high growth portfolio this morning. I sold 50 shares of the AppLovin position, reducing the holding to 225 shares. The shares have come a long way in a short time and lately appreciated on the inclusion of the shares in the high growth portfolio. We sold 50 shares at $571.99 and…
Sale of 150 shares of CyberArk (Entire Position); Purchase of 200 shares of Pagaya; Purchase of 200 shares of Rubrik; Purchase of 250 shares of Samsara; Purchase of 200 shares of Dynatrace; Purchase of 200 shares of Braze; Purchase of 50 shares of Atlassian; Purchase of 20 shares of Monday We have made some changes…
Shares of Rubrik traded down a few percent this morning. The NAV of the portfolio rose because of spikes in Unity and of course Pagaya. This allowed us to buy another 100 shares of Rubrik at $83.41 without changing our overall net long percentage which remains 130%. The purchase cost $8350 and brought our margin balance to…
Summary Rubrik’s recent share price pullback offers a compelling entry point, as the company continues to deliver hyper-growth and improving free cash flow margins. Rubrik’s unique preemptive recovery engine and expansion into identity recovery differentiate it in a massive, fast-growing market, supporting sustained 35%+ CAGR. Strategic moves like the Predibase acquisition and Annapurna initiative position…
We were able to add another 100 shares of Rubrik to the high growth portfolio. Rubrik shares are down this morning and they were down yesterday. They are 15% lower than where they were when they announced their convertible offering. We bought 100 shares at $88.81. This took the position to 1600 shares and the…
I had indicated that I would constrain the margin balance to $350k in the high growth portfolio. I am mindful of the current environment with concerns about wars, tariffs and Fed policies. Economic data is mixed at best with both retail sales and housing starts showing negative trends. I get all that. But there were…
Rubrik announced that it was selling $1 billion of convertible notes today. The likelihood is that the sale gets upsized due to demand. Overall, including the almost inevitable 15% green shoe option, my guess is that the company will raise about $1.2 billion. I expect a coupon rate to be near 0% and a conversion…
Our limit order for Rubrik was executed. We bought 250 shares at $92.99. We now have 1200 shares. The purchase cost $23,255. The new weight of Rubrik in the portfolio is now about 7.6%. To offset the purchase we sold the remaining Nutanix in the portfolio. We sold 250 shares of Nutanix at $76.22. This…
I am well aware that many subscribers have substantial positions in Rubrik shares. So, rather than waiting for the commentary I write each weekend, I am providing some analysis that might be helpful in evaluating the company’s business and its outlook. Just encapsulating my impression-the results were all that anyone might have hoped for. And…