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

S 12.98%
NTNX 19.80%
CRWD 79.39%
SEMR 13.24%
SNOW 20.92%
SE 59.18%
TSM 10.39%

Buy List

GOOG -30.62%
NYAX -53.41%
ASR -27.53%
PAYC -28.45%
HRMY -44.10%
YOU -50.63%
MELI -25.28%
ADBE -32.81%

Hold List

ZETA -24.20%
MSFT -19.84%
ODD -22.94%
FLYW -0.42%
CELH -19.47%
TOST 38.00%
CPNG -4.00%
HIMS 10.25%
MNDY 18.16%
GLBE 20.81%
ZS 22.45%
V -8.53%
ADSK 12.67%
NOW 55.60%
ABNB -23.90%
FTNT 4.19%
TEAM 18.22%