Thank you, Major Fool:
You are correct I had a data entry error in my Q4’20. THANK YOU for catching that and pointing it out. I hate when that happens!
HOWEVER, that doesn’t change the outcome or premise I stated above: they are dropping into the mid-20% growth range.
Quite simply, if we pull out the $13m in LLamasoft revenue that is included in the Q4’21 guidance of $146 ($5.5m in subscription revenue and $7.5m professional services stated by the CFO on the conference call), the guidance of 31% drops to 19.3%. If you add your estimated 7% beat back on top, it still shows 6 consecutive quarters of slowing growth, which means next quarter they slip out of the 30%+ grower range down into the mid 20% grower range.
I sold half my position at the open today around $330 and will sell the remaining position by end of day. Most of my other companies are growing greater than 40% q/q and accelerating…like I said was an old favorite.
Congrats on your 13 bagger! Absolutely no complaints here either. It has been a great run, but sometimes one just has to say goodbye to a great company, at least for awhile until they re-accelerate! 