Strong buy… The Three Musketeers Invested In by Cassie Wood

The investment portfolio of Arc Invest CEO Cassie Wood (CEO, photo), who is called the ‘money tree sister’ among Seohak ants, has been released. TipRank, a US financial information site, recently introduced three stocks that Arc Invest focused on investing through exchange-traded funds (ETFs). All of these stocks have received ‘strong buy’ ratings from multiple analysts.

○Israeli unicorn company ‘Work Me’

Founded in Israel in 2011, Workme is a SaaS (Software as a Service) company. Through the cloud, it provides a solution that allows customers to easily manage customers and employees without having to build a separate server. Workme, which has been developing artificial intelligence (AI) technology since its inception, has acquired several AI startups such as Deep AI and applied machine learning technology to its software.

Recognized for its corporate value of about $2 billion, the company became the fifth unicorn among Israeli companies listed in the United States (startups with a corporate value of more than 1 trillion won). Currently, it has more than 2,000 customers, including HP, Nestlé, PayPal, and Adobe. In the third quarter of this year, it posted sales of $50.58 million, an increase of about 31% compared to the same period last year.

ArkInvest purchased 118,336 shares of Walkme (worth about $2.62 million) in the third quarter alone. JMP Security analyst Patrick Wollavens said, “The effective market (TAM) of Walk Me has reached $34 billion and is beginning to see the effects of marketing.” According to TipRank, all five analysts who recently analyzed Work Me gave a ‘strong buy’ rating. We present a target price of $36.8. It is estimated that the stock has room to rise 76% within one year from the current level of $23.

○Cyber ​​security stock ‘Cognite Software’

Cognite Software is a cybersecurity company that was spun off this year from Berint, an Israeli communications surveillance software company. It mainly provides security software to its clients as a business-to-business (B2B) transaction. It has more than 1000 customers.

In the third quarter of this year, Arc Invest purchased 144,092 shares (about $ 3.17 million) of the company. As the cybersecurity market grows, it is expected that Cognite Software will benefit. According to market research firm Research and Markets, the global cybersecurity market is expected to grow from $183.34 billion last year to $539.78 billion in 2030.

The company’s sales in the last quarter (May-July) were $116 million, up 10.4% from the same period last year, and operating profit was $4.07 million. Recently, we are expanding our business to the cryptocurrency market through blockchain analysis solutions. According to TipRank, three analysts rated it as a “strong buy” with a target price of $34. From the current level of $21.4, there is room for a rise of about 55% within one year.

○ Autonomous car lidar production ‘Innobiz Technologies’

Innobiz Technologies, which produces lidar sensors for autonomous vehicles, also entered the investment list. Lidar is regarded as a key component in autonomous vehicles to the extent that it is called the ‘eyes of autonomous vehicles’. Currently, Innobiz is producing ‘Innobiz One’, which is compatible with the 3rd to 5th stages of the 0-5 autonomous driving stage. At the end of the year, an upgraded version of ‘Innobiz Two’ will be released.

Customers include BMW Harman Magna, and it is known that they have secured orders worth $2.4 billion. “Innobiz Technologies is one of the leaders in the lidar industry,” said Mark Delaney, an analyst at Goldman Sachs. The stock has risen nearly 50% in the past month.

Third-quarter revenue was $2.07 million, up 14% year-over-year. ArkInvest purchased 358,816 shares (about $2.36 million) of the company in the third quarter. Three analysts unanimously gave the rating a ‘strong buy’ rating, with a target price of $10.33. From the current level of $7.3, there is room for a 52% increase within one year.

By Maeng Jin-gyu, staff reporter maeng@hankyung.com