Thursday was just an awful day for investors in the enterprise software space and Friday hasn’t been much better. Our Ticker Target High Growth portfolio fell by almost 5% and is down by more than 4% today.. Not terribly surprisingly, the IGV ETF-extended tech software fell by a similar percentage while the WCLD ETF fell…
Earnings are at a high ebb and I am trying to provide some thoughts in a timely fashion on the results of those companies likely to be of most interest to subscribers. This morning I am looking at Pagaya in the light of Upstart’s results, Unity and Dynatrace. As additional earnings are released, I will…
As mentioned in yesterday’s commentary, I was considering adding to the position in Unity Software shares. With this morning’s substantial decline in most IT stocks for a variety of reasons, the opportunity was there to add to the Unity position a day before its earnings release. It isn’t my usual style to do something like…
We made some changes in the high growth portfolio this morning. We sold a bit more than half of our Xometry position at the opening and got $44.39. We sold 900 shares, leaving 700 in the portfolio of 1.59. I will reconsider the position as it is too small on a permanent basis in the…
Lots of companies have reported their Q2 results-several hundred in fact. Within our high growth portfolio 4 companies out of 8 scheduled to report this week have now done so. For the most part, the earnings reports emerging range from good to excellent. Q2 is shaping up to have been a better quarter for software…
Unity shares dipped this morning after their 27% rally the prior week. As mentioned in the commentary which should be received shortly, we have reevaluated our sale of Unity based on data from analysts about the early success of Vector. The data is quite encouraging and we decided to undo the sale, and expect to…
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…
We sold 500 shares of Unity at a price of $33.59 today. The shares have risen by 36% month over the last month without any substantive news. Yesterday, the company made a filing that Stephens Investment Management had about 825k shares for about $16.2 million. I doubt that the filing has had much to do…
AS we had discussed in this week’s commentary, we believed that the recent appreciation of IT stocks had taken some of the positions in the portfolio to valuations that were a bit stressed. Today, that opinion was seconded by the analyst team at Raymond James with regards to Nutanix. That precipitated our sale of a…
Summary Unity is undervalued and poised for growth due to its AI-driven Vector model for advertising targeting and a user-friendly Create business model. Despite recent market turmoil, Unity’s technology refresh and AI advancements present significant growth opportunities, making it a strong buy in the high-growth tech space. Unity’s Create business, bolstered by the new Unity…