‘We Will Shine’: Cathie Wood’s Optimism and Her 5 Most Ambitious Stock Picks

In this article, we discuss Cathie Wood’s optimism and her 5 most ambitious stock picks. If you want to see more stocks in this selection, click ‘We Will Shine’: Cathie Wood’s Optimism and Her 10 Most Ambitious Stock Picks. 

5. Mynaric AG (NASDAQ:MYNA)

Number of Hedge Fund Holders: 5

Mynaric AG (NASDAQ:MYNA) was incorporated in 2009 and is headquartered in Gilching, Germany. The company develops and manufactures complex laser communication technology for long-distance data transfer between moving objects for wireless terrestrial, airborne, and space projects in Germany and internationally. The company reported on April 29 its Q1 revenue of €2.36 million, up 247.1% year-over-year. Cathie Wood boosted her position in Mynaric AG (NASDAQ:MYNA) by 34% in Q1 2022, holding 524,708 shares worth $6.2 million. 

Canaccord analyst Austin Moeller on April 29 reiterated a Buy rating on Mynaric AG (NASDAQ:MYNA) but lowered the price target on the stock to $30 from $40. The analyst considers the premium relative to peers on the shares as appropriate due to Mynaric AG (NASDAQ:MYNA)’s robust backlog and execution on core satellite programs, which reaffirms the company’s strategy to scale optical terminal production.

According to Insider Monkey’s Q1 data, 5 hedge funds were bullish on Mynaric AG (NASDAQ:MYNA), with collective stakes worth $12.2 million, compared to 9 funds in the last quarter, with combined stakes valued at $13.3 million.