The High Growth portfolio eliminated the remaining position in Snowflake selling 100 shares for $314.01. This raised $31,390. After the reaction to Datadog’s earnings, it seemed prudent to exit this position. While Datadog and Snowflake aren’t really business analogs they frequently trade in tandem. The high growth portfolio added 100 shares of Bloom Energy bringing that position to 200 shares. We…
We made further portfolio changes today in the high growth portfolio. We sold an additional 150 shares of Snowflake, taking that holding to 100 shares with a weight of sold the 150 shares at 1.02%. We sold the shares at $314.59. This sale raised $47,180. We replaced that position with a few purchases. The portfolio acquired…
Shares of Snowflake continued to spike and we have sold half of the remaining position (250 shares) at $314.01. The sale raised approximately $78,490. The remaining Snowflake position in the high growth portfolio is 250 shares and that has a weight of 2.79% in the high growth portfolio. If the shares continue to spike, we…
This morning the high growth portfolio entered a new position, MongoDB, and trimmed its holding in shares of Snowflake. Snowflake shares have recently spiked-they are up by more than 13% in the past month and by 6.5% in just the last week. We sold 100 shares at $287.29, leaving the 500 shares. The sale raised…
This morning DigitalOcean announced that it was spending $500 million to retire its current convertible debt outstanding. This is to be funded by simultaneous offerings of shares. The net of these transactions will leave the implied outstanding share count alone. The press release called out that this transaction might result in some share price volatility and that…
This morning we made some changes in the Ticker Target High Growth Model Portfolio. We sold our position in Cloudflare which had been 270 shares at a price of $222.29. Cloudflare shares have seen relative outperformance since we initiated the position in mid-April. The issue for us is that the relative valuation has gotten to an unacceptable…
Yesterday saw 3 companies in the high growth portfolio report. They all beat and they all raised. Really! But stock prices for Braze and Everpure were in reverse after the earnings releases and conference calls. Most of that is likely a function of buying the rumor and selling the news. Snowflake, like Datadog a few…
Snowflake is set to report its earnings for the quarter ended April 30 later this month. While it has bounced some in the last month, it is still down more than 30% since the start of the year. The shares have been weak today, and we added to our position. Anecdotal checks suggest that usage…
Shares of Nebius have spiked significantly this week. The spike carried the shares to a portfolio weight that was simply too high for comfort. We sold 500 shares of Nebius in the high growth portfolio at $148.99 and that raised $74,495. We now have a 2700 share position in Nebius which is a weight of 22.7% in…
Sale of 1200 shares of Shift4 (entire position); Purchase of Digital Ocean-Starter position; Adding to positions in Snowflake, Figma and Samsara. We made some changes in the high growth portfolio today. We eliminated the Shift 4 position. We got impatient and despite not getting the dead cat bounce, we decided to take the medicine and eliminate the…