5 Tech Stocks to Sell Right Now According to Cathie Wood

2. Nexxen International Ltd. (NASDAQ:NEXN)

Percentage of stake sold by ARK Investment Management: 100%

Number of Hedge Fund Holders: 10

Nexxen International Ltd. (NASDAQ:NEXN) is one of the tech stocks to sell right now, according to Cathie Wood. In Q3 2025, ARK Investment Management held 194,362 shares of Nexxen International Ltd. (NASDAQ:NEXN) valued at $1.8 million, but by the end of Q4, it had fully exited its position.

On March 18, BTIG reiterated a Buy rating on Nexxen International Ltd. (NASDAQ:NEXN) but cut the price target to $9 from $10.

The Buy rating underscores the research firm’s confidence in the company’s long-term growth outlook, especially its ability to deliver solid fourth-quarter fiscal 2025 results. Revenue in the quarter totaled $101 million, beating consensus estimates by 1%. Adjusted earnings came in at $34 million, in line with expectations.

In addition, the company issued solid guidance, indicating it expects ex-TAC revenue to range between $375 million and $390 million. The guidance represents 8% year-over-year growth at the midpoint. Adjusted EBITDA is expected to be between $122 million and $132 million, representing 10% growth at the mid-point.

Nexxen has started the year on a roll, reporting the strongest January and February in its history due to a demand-side platform partner shifting its spending strategy.

Nexxen International Ltd. (NASDAQ:NEXN) is a global advertising technology (ad tech) company that provides a unified, data-driven platform for advertisers, agencies, and publishers. The company specializes in digital video and Connected TV (CTV), offering tools to help partners manage, target, and measure ad campaigns.