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MB's avatar

Nice write up. Like the quick pitch format. Definitely a name I will DD. I like the Microsoft linkage. Do you know if Microsoft retained their stake post IPO?

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Wolf of Harcourt Street's avatar

Thank you for the feedback on the format. Yes, Microsoft still holds their investment. Another nugget I left out is that the former CEO of Palo Alto Networks joined the board just before the IPO.

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John Arbuthnott's avatar

Thanks for sharing the analysis, I do wonder whether the directors overpaying themselves over share option might be problematic

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Wolf of Harcourt Street's avatar

Thanks for the feedback. This level of SBC after an IPO is fairly common due to equity awards vesting. I would expect it to moderate going forward, though it’s certainly something to keep an eye on.

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Tom Benham's avatar

Thanks, very timely - I also initiated a position last month 👍

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Wolf of Harcourt Street's avatar

Thanks Tom. I know it was a shorter quick pitch but anything you feel I might have overlooked?

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Tom Benham's avatar

No, I like the format, very helpful and clear 👌. To me, RBRK seems a solid investment opportunity which I’ll be comfortable adding to given the massive and growing TAM and business fundamentals. The main risk I see is competition from prevention leaders and hyperscalers, easier for them to add resilience to their platforms than for RBRK to become a dominant cybersecurity platform.

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