5 Tech Stocks to Sell Now According to Cathie Wood

4. Mobileye NV (NYSE:MBLY)

Percentage of Stake Sold by ARK Investment Management in Q2 2023: 34%

Number of Hedge Fund Holders: 36

Founded in 1999, Jerusalem-based Mobileye NV (NYSE:MBLY) is an autonomous-driving and driver-assist technologies company with expertise in computer vision, machine learning, mapping, and data analysis.  To date, more than 150 million vehicles worldwide have been built with Mobileye technology inside.

Following a strong quarterly performance in Q2 2023, RBC Capital raised the price target on Mobileye NV (NYSE:MBLY) shares to $48 from $42 while maintaining an ‘Outperform’ rating. The target price represents a potential upside of 31% based on the latest share price.

As of Q2 2023, Mobileye NV (NYSE:MBLY) shares were held by 36 hedge funds, with the total shares held by these hedge funds valued at $609 million.