A current article on Seeking Alpha is about Crowdstrike, is positive, and doesn’t say much that we don’t already know, but it has a VERY interesting graph.
It graphs the Dollar-Based Net Retention Rates for 30 SaaS stocks, the vast majority of which we have discussed at one time or another.
Of the top three Net Retention Rates, all three are in my top four positions, led by Datadog at 151%, Crowdstrike at 147% and Zoom at 140%.
If we look at the top five Net Retention Rates, it picks up Alteryx in 5th place at 132%, and gets all four of my top four positions, which make up over 80% of my portfolio!
Okta, my 5th position is a bit lower at 12th out of the 30 companies, still not bad at 121%. That’s about 95% of my portfolio.
Ring, on the other hand, much discussed on the board as a possible threat to Zoom, is next to last at 99%. Other companies on the graph include SMAR, NOW, MDB, VEEV, COUP, ESTC, SHOP, PLAN, DOCU, LVGO, BILL, WORK, HUBS, WDAY, SQ, TWLO, etc etc
A link to the Knowledgebase for this board is in the Announcements panel that is on the right side of every page on this board.
For some additions to the Knowledgebase, bringing it up to date, I’d advise reading several other posts linked to on the panel, especially “How I Pick a Company to Invest In,” and “Why My Investing Criteria Have Changed,” and “Why It Really is Different.”