Millennium Management LLC Decreases Stock Holdings in Cellebrite DI Ltd. (NASDAQ:CLBT)

Millennium Management LLC decreased its holdings in Cellebrite DI Ltd. (NASDAQ:CLBT - Free Report) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,182,701 shares of the company's stock after selling 298,527 shares during the quarter. Millennium Management LLC owned 0.57% of Cellebrite DI worth $26,055,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. True Wind Capital Management L.P. raised its position in Cellebrite DI by 18.2% in the 4th quarter. True Wind Capital Management L.P. now owns 13,861,007 shares of the company's stock worth $305,358,000 after buying an additional 2,130,386 shares during the last quarter. FMR LLC raised its position in Cellebrite DI by 89.1% in the 4th quarter. FMR LLC now owns 10,621,344 shares of the company's stock worth $233,988,000 after buying an additional 5,004,587 shares during the last quarter. Axon Enterprise Inc. purchased a new position in Cellebrite DI in the 4th quarter worth about $198,270,000. Voss Capital LP raised its position in Cellebrite DI by 1.2% in the 4th quarter. Voss Capital LP now owns 3,240,000 shares of the company's stock worth $71,377,000 after buying an additional 39,700 shares during the last quarter. Finally, Pertento Partners LLP raised its position in Cellebrite DI by 26.7% in the 4th quarter. Pertento Partners LLP now owns 2,975,374 shares of the company's stock worth $65,547,000 after buying an additional 626,373 shares during the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

Wall Street Analyst Weigh In

CLBT has been the subject of a number of recent research reports. Lake Street Capital boosted their price target on Cellebrite DI from $17.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Needham & Company LLC cut their price target on Cellebrite DI from $28.00 to $24.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. cut their price target on Cellebrite DI from $29.00 to $25.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $22.43.

Cellebrite DI Trading Down 2.2%

NASDAQ CLBT opened at $17.02 on Tuesday. The stock has a market cap of $4.08 billion, a PE ratio of -12.24, a P/E/G ratio of 4.27 and a beta of 1.44. Cellebrite DI Ltd. has a 12 month low of $10.25 and a 12 month high of $26.30. The stock's 50 day moving average is $19.01 and its 200 day moving average is $20.25.

Cellebrite DI (NASDAQ:CLBT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $107.55 million for the quarter, compared to analysts' expectations of $109.36 million. Cellebrite DI had a positive return on equity of 58.70% and a negative net margin of 70.54%. The company's revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. On average, analysts forecast that Cellebrite DI Ltd. will post 0.3 EPS for the current fiscal year.

Cellebrite DI Profile

Cellebrite DI Ltd. develops solutions for legally sanctioned investigations in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company's DI suite of solutions allows users to collect, review, analyze, and manage digital data across the investigative lifecycle with respect to legally sanctioned investigations used in various cases, including child exploitation, homicide, anti-terror, border control, sexual crimes, human trafficking, corporate security, cryptocurrency, and intellectual property theft.

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