I get that the market has been rewarding more profitable companies since last Fall. But MDB, SMAR have similar losses to ESTC and growing slower. Yet they have at least 50% higher valuation. So, I tend to think that the reason for ESTC’s poor stock performance lies elsewhere.
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Re: “$100 in ESTC over the last year = $77.98, in AYX = $200.41”
That was posted roughly a month ago and AYX is still up, but the equivalent is now roughly $112 instead of $200…
(I didn’t take a look at ESTC’s updated numbers)
IMHO, too tempting to pass up so I just did a little circling of the wagons (trading lower conviction stocks for higher ones) and purchased a bit more AYX