In what has become a month-long fade in software stocks, there was again more red than green on our screen. Those that benefited greatly during the pandemic continued to be judged more harshly than those facing easier comparisons going forward.
Read MoreThe one thing we can count on each earnings season is a dramatic reaction to Stamps.com’s (STMP) results and outlook. In a seeming repeat of last quarter, the company posted another significant beat across the board highlighted by continued strength in new customer acquisition.
Read MoreHappy New Year! We issued our first report in 2021 on CTG, Inc. (CTG) as the company’s multi-year renewal of a contract with its largest customer and a slew of insider buying over the past two months provided us with greater confidence in the potential for further gains going forward.
Read MoreIn its quest to become the cloud compliance platform behind every transaction around the globe, Avalara (AVLR) acquired Transaction Tax Resources (TTR), which offers a database of sales and use tax content as well as other enterprise tax automation solutions to over 1,400 enterprise customers.
Read MoreWith the holiday season upon us and a new year fast approaching, we were hit by a blizzard of news this week. After formally announcing a review of strategic alternatives in mid-November and cancelling a financial analyst day previously scheduled for this past week, Instructure (INST) agreed to be taken private by Thoma Bravo for $47.60 per share in cash, representing a TTM EV/Sales multiple of 7.6x.
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