Professional
Added to YB: 2024-05-06
Pitch date: 2024-04-28
CLBT [bullish]
Cellebrite DI Ltd.
+73.62%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
Company Info
Cellebrite DI Ltd. develops solutions for legally sanctioned investigations in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.
Market Cap
$4.1B
Pitch Price
$10.84
Price Target
N/A
Dividend
N/A
EV/EBITDA
44.78
P/E
53.68
EV/Sales
7.75
Sector
Software
Category
growth
Greenhaven Road Capital Main Fund Portfolio Holding: Cellebrite DI Ltd.
CLBT: Digital evidence software for law enforcement. Capitalizing on growing evidence complexity & police tech shortages. <1% of customer budgets but radically improves efficiency. Sticky revenue model transition to SaaS w/ 4 yrs consistent ARR growth. New AI-powered tools & competitor price hikes allow for price increases. ~$400M ARR, $100M FCF, <$2B EV. Secular tailwinds + new product cycle in a niche market with strong customer need.
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