SPT Archives - Ticker Target

Changes in the High Growth Portfolio-Sale of Sprout Social and Datadog-entire positions; Purchases of Braze, Xometry, Unity and Procore.

We have made the following changes in the high growth portfolio earlier this morning. CompanySharesPriceB/STotalOld Position New PositionWeightSprount Social1,500$66.69S$40,0251,50000%Datadog120$117.01S$14,02512000%Braze800$37.49B$30,00008003.5%Xometry300$27.69B$8,3151,2001,5003.4%Unity400$26.59B$10,6451,3001,7003.7%Procore50$79.49B$3,9805506003.9% Sprout Social reported yet another disappointing quarter with revenue growth forecasted at 10% for the full year. The company continues to report growth in bookings in the mid-high 20% range but somehow the bookings never translate into revenue…

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Portfolio Changes: Sale of 600 shares of Shift4; Purchase of 1100 shares of Unity; Purchase of 700 shares of Xometry; Purchase of 200 shares of Sprout Social; Purchase of 20 shares of Zscaler

Shift4 Earlier today we sold a bit more than half our position Shift4. We have had a sizable position-1100 shares-and we were able to sell 600 shares before the price declined below our limit. The average price of our sale was $105.77, and the low price was $103.99. Today, the CEO of the company, Jared Isaacman, accepted…

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Additions to the high growth portfolio: Purchases of Affirm, Datadog, Snowflake, Confluent and Sprout Social

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…

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Portfolio Changes: Saying goodbye to App (for the moment) and to YBR; Initiating positions in RBRK; BRZE and PCOR; adding to SPT and NU Holdings

As foreshadowed in the weekly commentary I have made some portfolio changes. The rationale for these changes was in the weekly commentary. That said, if anyone has questions about why I have made these changes, please let me know and I will answer rapidly. I do not like to make a lot of changes, but…

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Portfolio Additions

Bought 100 shares of Affirm at $32.61 and bought 550 shares of Sprout Social at $26.69 We made two purchases in the high growth model portfolio this morning. We bought 100 shares of Affirm taking our holding to 1200 shares. That is a weight of about 4%. The purchase cost $3265. We added 450 shares…

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What to do with Sprout Social and Cloudflare in the wake of their valuation implosion after weaker than anticipated guidance.

I usually cover earnings releases as part of the weekly commentary. But sometimes, I feel a separate update is warranted. This is one of those times. Before turning to company commentary, I think it is relevant to note the context. After several months of strong growth in new jobs and in other labor metrics, the…

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Some more earnings reviews: Global-e’s guidance is a work in progress; Sprout continues to grow; like many companies it has chosen a modest growth forecast

Global-E: Once again presenting a very conservative forecast As an analyst and investor, I want to see my recommendations/portfolio companies forecast conservatively. Sometimes however, companies can take things to extremes. Such, I believe, is the saga of Global-e and its forecasts. The quarter that the company reported was a beat in all guided metrics. It…

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Some Quarterly Earnings to review: Sprout continues to do just that; Bill…it’s sent a heavy bill to investors

Thursday results were far less pleasant reading than Wednesday’s. I will leave others to comment on Apple. It is dealing with some macro headwinds and some company specific issues. Cloudflare’s earnings were OK; given its valuation, its forecast was less than might have been hoped. Fortinet remains a company in transition, and transitions are not very popular with tech investors these…

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Sprout Social-It’s Fall, But Sprout Socials Results Are Coming Into Bloom

Summary Sprout Social held its 2023 analyst day, reiterating its free cash flow projection of $200 million by 2028 and a free cash flow margin of 20%. The company’s shares have struggled due to higher interest rates and a transition to a focus on enterprise growth rather than customer count. Sprout Social is the leader…

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Adjustments in the high growth portfolio: Sale of Elastic Position; Purchase of a new position in Sprout Social, Additions to Global-E; Datadog and Zscaler and Doximity

We have made some changes in our Ticker Target High Growth portfolio today, March 6th. We sold our position in Elastic. The sales price for the position was $ 66.19. That netted $45,330. Elastic’s operational performance has simply been disappointing. The technology is great, but the company has had a difficult time in converting a…

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