After yesterday’s spike in shares of most high-growth software companies, the market has cooled down quite a bit and is giving the high growth portfolio the opportunity to add to some positions where there have been positive developments and negative share price reaction. Much of yesterday’s spike was a function of what I think was…
Lots of earnings to look at and many to admire. This is turning out to be a quarter for most enterprise software companies in which growth rates and margins were both rising and guidance was better than had been anticipated. 1) Pagaya I think the best way to describe the results and the guidance of this…
After reviewing the earnings release, updating the model and reviewing the conference call transcript, I felt impelled to add to the Unity position. The Vector initiative is working out. The company is launching a further enhancement of significance to the platform in June. At that point, it will start to use the data from its…
I made 3 changes in the high growth model portfolio this morning. I was surprised to see Figma actually down after the results it reported. I am not sure how that happened, but it did and I took advantage of what I considered an anomaly. While the shares have risen by about 6.5% while writing this, this…
AppLovin and Unity aren’t really software companies although certainly Unity Create business is based on that company’s game creation software offering. They both reported on Wednesday. That market hated Unity’s forecast and drove the shares down by about 26%; this after a 25% drawdown when Google announced Genie. Unity shares are now down by 52%…
It was a poor way to start the week for holders of Pagaya and Monday shares. I was pleasantly surprised that overall, the high growth portfolio appreciated a bit more than 1% on Monday-but that in no way took any of the sting from the 21% drawdown of Monday shares and the 24% depreciation of…
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…