Every week I’ll provide updates on the latest trends in cloud software companies. Follow along to stay up to date! 10Y Rising The start of the year has not been kind to software stocks! In the basket I track and discuss in Clouded Judgement (~80 companies), no one is up on the year. In just the last couple weeks from mid December to today we’ve seen the 10Y move from 3.8% to 4%. We really didn’t get much of a move in software valuations through the end of December, but got hit with a bigger drop this week.
Where do you take your data from? Your best performing stocks for the past 7 days is way off. Unless you calculate it in some specific way.
For example
NCINO is 33.62/34.7 = 0.96 which is -3.4 % where your number is -2%
Walkme is 10.48/10.42 = 1.005 whish is + 0.5% where your number is +4%.
Hi Jamin, just wanted to clarify about the delta between the NTM & 2024 Rev multiples - would assume NTM = 2024 in this case?