Legendary Value Investor Seth Klarman is Selling These 5 Stocks in 2023

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In this article, we discuss the 5 stocks that legendary value investor Seth Klarman is selling in 2023. If you want to see more stocks in this selection, check out Legendary Value Investor Seth Klarman is Selling These 10 Stocks in 2023

5. Outbrain Inc. (NASDAQ:OB)

Percentage of Stake Sold: 100%

Number of Hedge Fund Holders: 13

Outbrain Inc. (NASDAQ:OB) operates a recommendation platform worldwide. Its product suite, called Outbrain Engage, is designed for media partners and offers data-driven recommendations to enhance user engagement. The platform provides a dashboard for managing and controlling different elements, such as content, formats, sources, frequency, and categories of ads delivered on media properties. In Q1 2023, Seth Klarman dumped the entirety of his stake in Outbrain Inc. (NASDAQ:OB), which comprised 153,231 shares worth $555,000 in the prior quarter. 

On May 9, Outbrain Inc. (NASDAQ:OB) reported a Q1 non-GAAP EPS of -$0.09 and a revenue of $231.77 million, outperforming Wall Street estimates by $0.05 and $4.8 million, respectively. 

According to Insider Monkey’s fourth quarter database, 13 hedge funds were bullish on Outbrain Inc. (NASDAQ:OB), with collective stakes worth $4.14 million. Cliff Asness’ AQR Capital Management held the biggest position in the company. 

Follow Outbrain Inc.

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