Cellebrite (CLBT)

About: Cellebrite DI Ltd is an Israeli digital intelligence company that provides tools for federal, state, and local law enforcement as well as enterprise companies and service providers to collect, review, analyze and manage digital data. Some of its products include Cellebrite UFED, Cellebrite Physical Analyzer, Cellebrite UFED Cloud, Cellebrite Frontliner, Cellebrite Responder, Cellebrite Premium, and Cellebrite Seeker.

Employees: 1,008

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

120% more call options, than puts

Call options by funds: $810K | Put options by funds: $369K

35% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 17

12% more capital invested

Capital invested by funds: $882M [Q1] → $989M (+$107M) [Q2]

4% more funds holding

Funds holding: 140 [Q1] → 146 (+6) [Q2]

1.36% more ownership

Funds ownership: 38.96% [Q1] → 40.32% (+1.36%) [Q2]

9% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 54

0% more funds holding in top 10

Funds holding in top 10: 6 [Q1] → 6 (+0) [Q2]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $15 13% downside
• Avg. target: $18.56 7% upside
• High target: $23 33% upside

9 analyst ratings

• positive: 9 100%
• neutral: 0 0%
• negative: 0 0%

Craig-Hallum Jeff Van Rhee 58% 1-year accuracy 7 / 12 met price target	33% upside $23	Buy Maintained	25 Sept 2024
TD Cowen Shaul Eyal 60% 1-year accuracy 9 / 15 met price target	33% upside $23	Buy Maintained	23 Sept 2024
Deutsche Bank Jamie Shelton 100% 1-year accuracy 1 / 1 met price target	4% upside $18	Buy Maintained	16 Aug 2024
B of A Securities Tal Liani 53% 1-year accuracy 9 / 17 met price target	2% downside $17	Buy Maintained	16 Aug 2024
JP Morgan Brian Essex 63% 1-year accuracy 17 / 27 met price target	2% downside $17	Overweight Maintained	16 Aug 2024