Cathie Wood’s Latest Portfolio: 5 Stocks Under $10

4. IronSource Ltd. (NYSE:IS)

Number of Hedge Fund Holders: 24   

Share Price as of May 16: $2.80

IronSource Ltd. (NYSE:IS) owns and runs a business platform for app developers and telecom operators. Latest 13F filings show that ARK owned over 388,040 shares of IronSource Ltd. (NYSE:IS) at the end of March 2022, worth $1.8 million. In earnings results for the first quarter of 2022, IronSource beat market expectations on revenue by over $6 million. Tomer Bar-Zeev, the CEO of the firm, said during the earnings call that the company was one of the few software entities that grew revenue by 55%, while keeping margins at over 30% in the past months.

On May 13, Needham analyst Bernie McTernan maintained a Buy rating on IronSource Ltd. (NYSE:IS) stock and lowered the price target to $6 from $10, noting the weakened guidance of the firm but affirming that it was a “leading game-tech operator in in-app gaming ads”.

At the end of the fourth quarter of 2021, 24 hedge funds in the database of Insider Monkey held stakes worth $457 million in IronSource Ltd. (NYSE:IS), compared to 29 in the preceding quarter worth $726 million.