Dropping Sprout Social from Watch List

Sprout Social's Q2 was a mixed bag for me. The firm seems to be executing on its "large client" strategy, growing customers over $50k annually by 38%. Backlog growth was strong too, up 43% year-over-year. At large, the 25% revenue growth figure was better-than-expected. We still are not seeing a whole lot of cash profitability here - it's looking like a 3rd straight year of declining cash flow. With a transition away from a founder-CEO arrangement, middling cash generation (from what should be a profitable model), and a disappearance from the Green Screens, I'm going to remove Sprout Social from the Watch List for now. We may re-visit it at a later time.

Watch List

RDDT 10.05%
NTNX 29.26%
CRWD 65.47%
SE 31.15%
SNOW 6.81%
APPF 5.42%
PINS -24.39%

Buy List

SEMR -38.32%
TSM -37.31%
GOOG -51.11%
NYAX -54.27%
MSFT -30.38%
ODD -28.54%
ASR -27.02%
FLYW -38.32%
HRMY -55.59%
YOU -37.07%
ABNB -31.92%
MELI -34.01%
ADBE -40.86%

Hold List

VTEX -16.96%
ZETA -22.06%
CELH 42.92%
TOST 14.20%
CPNG -16.30%
HIMS -11.29%
PAYC -20.54%
MNDY 13.50%
GLBE -21.76%
ZS 23.36%
V -4.06%
ADSK -2.00%
NOW -1.99%
FTNT -5.23%
TEAM -5.08%