Dernières nouvelles pour Destiny Tech100 (NYSE:DXYZ) Stock

Destiny Tech100 Inc is a non-diversified, closed-end management investment company. It invests in a portfolio of what is believed to be 100 of the top venture-backed private technology companies.

Destiny Tech100 Inc

<p>Iovance Biotherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IOVA#NASDAQ">IOVA</a>) affirms FY2024 Product sales outlook from $160.00 million-165.00 million to $160.00 million-165.00 million.</p>


News

Guidance

IOVA

Iovance Biotherapeutics Affirms FY2024 Product Sales Guidance from $160.00M-165.00M to $160.00M-165.00M

<p>AerSale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASLE#NASDAQ">ASLE</a>) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.05 by 20 percent. This is a 33.33 percent increase over earnings of $0.03 per share from the same period last year.  The company reported quarterly sales of $82.68 million which missed the analyst consensus estimate of $92.83 million by 10.93 percent.  This is a 10.60 percent decrease over sales of $92.48 million the same period last year.</p>


Earnings

Earnings Misses

ASLE

AerSale Q3 Adj $0.04 Misses $0.05 Estimate, Sales $82.68M Miss $92.83M Estimate

<p>Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) reported quarterly losses of $(0.10) per share which beat the analyst consensus estimate of $(0.13) by 23.08 percent.  The company reported quarterly sales of $7.855 million which beat the analyst consensus estimate of $4.215 million by 86.37 percent.  This is a 180.74 percent increase over sales of $2.798 million the same period last year.</p>


Earnings Beats

AMPX

Amprius Technologies Q3 2024 GAAP EPS $(0.10) Beats $(0.13) Estimate, Sales $7.855M Beat $4.215M Estimate

<p>Identiv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVE#NASDAQ">INVE</a>) sees Q4 sales of $6.000 million-6.300 million vs $5.95 million estimate.</p>


INVE

Identiv Sees Q4 Sales $6.000M-6.300M vs $5.95M Est

<p><strong>Fourth Quarter 2024 Outlook</strong></p>
<p>For the fourth quarter 2024, the Company expects:</p>
<ul>
<li>Revenue growth on a constant currency basis in the range of 10.3%-13.3%. This represents revenue in the range of $375-$385 million, assuming FX rates remain relatively stable with the end of Q3.&nbsp;</li>
<li>Adjusted EBITDA in the range of $9-$14 million, representing an Adjusted EBITDA Margin in the range of 2.4%-3.6%.&nbsp;</li>
</ul>


WBTN

WEBTOON Entertainment Sees Q4 Revenue Growth On A Constant Currency Basis In The Range Of 10.3%-13.3% ($375M-$385M) Vs $375.92M Est.

Tidewater Sees 2024 Revenue $1.33B-$1.35B vs $1.39B Est.

<p>Innodata (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.13 by 169.23 percent.  The company reported quarterly sales of $52.224 million which beat the analyst consensus estimate of $36.113 million by 44.61 percent.  This is a 135.57 percent increase over sales of $22.169 million the same period last year.</p>


INOD

Innodata Q3 2024 Adj. EPS $0.35 Beats $0.13 Estimate, Sales $52.224M Beat $36.113M Estimate

ABNB

Airbnb Sees Q4 2024 Revenue $2.39B-$2.44B Vs $3.717B Est.

<p>Ouster (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) reported quarterly losses of $(0.54) per share which beat the analyst consensus estimate of $(0.57) by 5.26 percent. This is a 39.33 percent increase over losses of $(0.89) per share from the same period last year.  The company reported quarterly sales of $28.07 million which beat the analyst consensus estimate of $28.02 million by 0.20 percent.  This is a 26.41 percent increase over sales of $22.21 million the same period last year.</p>


OUST

Ouster Q3 EPS $(0.54) Beats $(0.57) Estimate, Sales $28.07M Beat $28.02M Estimate

AFRM

Affirm Sees FY25 GMV OF More Than $34B

<p>Accelerate Diagnostics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXDX#NASDAQ">AXDX</a>) reported quarterly losses of $(0.59) per share which missed the analyst consensus estimate of $(0.47) by 25.53 percent. This is a 1083.33 percent decrease over earnings of $0.06 per share from the same period last year.  The company reported quarterly sales of $2.975 million which missed the analyst consensus estimate of $3.020 million by 1.49 percent.  This is a 9.82 percent decrease over sales of $3.299 million the same period last year.</p>


AXDX

Accelerate Diagnostics Q3 2024 GAAP EPS $(0.59) Misses $(0.47) Estimate, Sales $2.975M Miss $3.020M Estimate

<p><strong>Financial Outlook for Full Year 2024</strong></p>
<p>The following tables summarize Getty Images' updated fiscal year 2024 guidance:</p>
<p><figure class="table"><br />
<table>
<tbody>
<tr>
<td><strong>Updated 2024 Guidance</strong></td>
<td><strong>Prior 2024 Guidance</strong></td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Revenue</td>
<td><strong>$934 million to $943 million</strong></td>
<td><strong>$924 million to $943 million</strong></td>
</tr>
<tr>
<td>Revenue YoY</td>
<td>1.9% to 2.9%</td>
<td>0.9% to 2.9%</td>
</tr>
<tr>
<td>Revenue YoY, Currency Neutral</td>
<td>1.6% to 2.6%</td>
<td>1.0% to 3.0%</td>
</tr>
<tr>
<td>Adjusted EBITDA</td>
<td><strong>$292 million to $294 million</strong></td>
<td><strong>$290 million to $294 million</strong></td>
</tr>
<tr>
<td>Adjusted EBITDA YoY</td>
<td>(3.1)% to (2.5)%</td>
<td>(3.8)% to (2.5)%</td>
</tr>
<tr>
<td>Adjusted EBITDA YoY, Currency Neutral</td>
<td>(3.4)% to (2.8)%</td>
<td>(3.6)% to (2.3)%</td>
</tr>
</tbody>
</table>
<p></p></figure>
</p><p><br /><br />Guidance has been updated to reflect the Company's financial performance year to date and the impact of foreign currency exchange rates on both Revenue and Adjusted EBITDA.</p>


GETY

Getty Images Raises FY24 Revenue From $924M-$943M To $934M-$943M Vs $932.61M Est.

Affirm Sees Q2 Revenue $770M-$810M

CPAY

Corpay Narrows FY24 Total Revenue Outlook From $3.975B - $4.025B To $3.98B - $4.01B (Est $3.989B), Adjusted EPS Forecast From $18.85 - $19.15. To $18.90 - $19.10 (Est $18.96)

<p>Upland Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPLD#NASDAQ">UPLD</a>) narrows FY2024 sales outlook from $269.60 million-281.60 million to $272.60 million-278.60 million.</p>


UPLD

Upland Software Narrows FY2024 Sales Guidance from $269.60M-281.60M to $272.60M-278.60M  VS Est.274.57M

<p>Vinci Partners Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINP#NASDAQ">VINP</a>) reported quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.01 by 6.93 percent.  The company reported quarterly sales of $112.716 million which beat the analyst consensus estimate of $110.552 million by 1.96 percent.  This is a 414.00 percent increase over sales of $21.929 million the same period last year.</p>


VINP

Vinci Partners Inv Q3 2024 Adj. EPS $1.08 Beats $1.01 Estimate, Sales $112.716M Beat $110.552M Estimate

<p>Green Dot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.17 by 23.53 percent.  The company reported quarterly sales of $406.019 million which beat the analyst consensus estimate of $392.579 million by 3.42 percent.  This is a 16.48 percent increase over sales of $348.571 million the same period last year.</p>


GDOT

Green Dot Q3 2024 Adj. EPS $0.13 Misses $0.17 Estimate, Sales $406.019M Beat $392.579M Estimate

<p>Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) reported quarterly losses of $(0.06) per share which beat the analyst consensus estimate of $(0.19) by 68.42 percent. This is a 135.29 percent decrease over earnings of $0.17 per share from the same period last year.  The company reported quarterly sales of $46.77 million which beat the analyst consensus estimate of $41.95 million by 11.49 percent.  This is a 5.86 percent decrease over sales of $49.69 million the same period last year.</p>


CLFD

Clearfield Q4 EPS $(0.06) Beats $(0.19) Estimate, Sales $46.77M Beat $41.95M Estimate

<p>Ouster (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) sees Q4 sales of $29.000 million-31.000 million vs $29.93 million estimate.</p>


Ouster Sees Q4 Sales $29.000M-31.000M vs $29.93M Est

<p>AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) is looking for Q4 Adj EPS of $0.18-0.19 vs $0.01 analyst estimate. sees sales of $9.700 million-9.800 million vs $9.47 million estimate.</p>


AEYE

AudioEye Sees Q4 Adj EPS $0.18-0.19 vs $0.01 Est; Sees Sales $9.700M-9.800M vs $9.47M Est

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>When my editors at <em>InvestorPlace </em>asked me to write about <strong>Destiny Tech100 </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/dxyz-stock-quote/"><strong>DXYZ</strong></a></span>), something about it seemed so familiar, but I couldn&rsquo;t put my finger on it.</p>



<p>I had never heard of the closed-end fund until I received the assignment. As I write this, DXYZ stock is up nearly 20% on the day and 228% in 2024. That&rsquo;s incredible, considering it only started trading on the NYSE on <a href="https://www.businesswire.com/news/home/20240327776952/en/NYSE-Welcomes-Destiny-Tech100-DXYZ-Pioneering-Access-to-Tech-Innovation">March 27</a>.&nbsp;</p>



<p>&ldquo;The Destiny Tech100 is a closed-end management investment company registered under the 1940 Act. We intend to invest in a portfolio of 100 of the top venture-backed private technology companies, providing everyday investors access to these private market leaders for the first time,&rdquo; <a href="https://destiny.xyz/tech100">states</a> the Destiny Tech100 website.&nbsp;</p>



<p>And then it hit me. DXYZ is GSV Capital 2.0.&nbsp;</p>



<p>If you understand my reference, there&rsquo;s probably no reason for you to read any further. If not, read on, and I&rsquo;ll explain why an investment in DXYZ will likely end in sadness and misfortune.&nbsp;</p>



<h2>The Concept Makes Sense In a Rational World</h2>



<p>Who in their right mind would say no to owning an investment in 100 of the top venture-backed private technology companies? In a rational world, no one would.&nbsp;</p>



<p>But we don&rsquo;t live in a rational world where investors do things that make sense. How else can you explain a nearly $5 billion market capitalization for <strong>Trump Media &amp; Technology Group </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/djt-stock-quote/"><strong>DJT</strong></a></span>), arguably one of the most overvalued companies trading on Nasdaq?&nbsp;</p>



<p>Here&rsquo;s the thing. We&rsquo;ve seen this movie before. The original version premiered on the Nasdaq in May 2011 under <strong>GSV Capital Corp.&nbsp;</strong></p>



<p>&ldquo;GSV Capital Corp. (formerly NeXt Innovation Corp., the &ldquo;Company,&rdquo; &ldquo;we,&rdquo; &ldquo;our&rdquo; or &ldquo;GSV Capital&rdquo;) was formed in September 2010 as a Maryland corporation structured as an externally managed, non-diversified closed-end management investment company,&rdquo; <a href="https://www.sec.gov/Archives/edgar/data/1509470/000114420411047649/v232038_10q.htm">stated</a> page 8 of its June 2011 10-Q.&nbsp;</p>



<p>&ldquo;The Company has elected to be treated as a business development company under the Investment Company Act of 1940, as amended (the &ldquo;1940 Act&rdquo;). The Company is managed by GSV Asset Management, LLC (formerly NeXt Asset Management, &ldquo;GSV Asset Management&rdquo;).&rdquo;</p>



<p>In its IPO, the GSV sold 3.34 million shares at $15, generating nearly $50 million in net proceeds.&nbsp;</p>



<p>Names held in its portfolio included pre-IPO companies such as <strong>Bloom Energy </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/be-stock-quote/"><strong>BE</strong></a></span>), <strong>Chegg </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/chgg-stock-quote/"><strong>CHGG</strong></a></span>), <strong>Facebook</strong>, now known as <strong>Alphabet </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/googl-stock-quote/"><strong>GOOGL</strong></a></span>), and several other investments.&nbsp;</p>



<p>Founder Michael Moe said then, &ldquo;We are democratizing the process, which we think is pretty cool and compelling,&rdquo; <em>Barron&rsquo;s </em><a href="https://www.barrons.com/articles/SB50001424052748703922804577066354256761534">reported</a> in December 2011.&nbsp;</p>



<p>He&rsquo;s talking about the venture capital industry.&nbsp;</p>



<h2>What Happened to GSV Capital?</h2>



<p>In August 2017, GSV founder Michael Moe <a href="https://www.spglobal.com/marketintelligence/en/news-insights/trending/cgqbvpuarrfhrjpqgnxfaa2">resigned</a> as CEO. He remained chairman while board member Mark Klein became CEO.&nbsp;</p>



<p>In <a href="https://www.globenewswire.com/news-release/2019/07/31/1895210/0/en/gsv-capital-corp-announces-rebranding-to-sutter-rock-capital-corp.html">July 2019</a>, the company transitioned from external management (GSV Asset Management, Moe&rsquo;s asset management firm) to internal management under Klein&rsquo;s supervision. As part of the transition, it changed its name to Sutter Rock Capital Corp.&nbsp;&nbsp;</p>



<p>A year later, it <a href="https://investors.surocap.com/news-releases/news-release-details/sutter-rock-capital-corp-announces-name-change-suro-capital-corp#:~:text=Announces%20Name%20Change%20to%20SuRo%20Capital%20Corp.,-June%2019%2C%202020&amp;text=SAN%20FRANCISCO%2C%20June%2019%2C%202020,Monday%2C%20July%2022%2C%202020.">changed its name</a> to <strong>SuRo Capital Corp. </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ssss-stock-quote/"><strong>SSSS</strong></a></span>), opting to retain the symbol. At the time, SSSS shares traded over $9. Today, they&rsquo;re in penny-stock status below $4.&nbsp;</p>



<p>As of March 31, SuRo&rsquo;s guidance for net asset value per share is between <a href="https://investors.surocap.com/news-releases/news-release-details/suro-capital-corp-first-quarter-2024-preliminary-investment">$6.90 and $7.40</a>. At the midpoint of its outlook, the company&rsquo;s shares trade at a 46% discount to its NAV.&nbsp;</p>



<p>As of March 31, it held positions in 35 private companies and three public. Its publicly traded investments accounted for approximately 8.4% of its <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1509470/000149315224009905/form10-k.htm">$184 million</a> portfolio of investments as of Dec. 31, 2023. It also had nearly $64 million in U.S. Treasury bills.&nbsp;</p>



<p>GSV/SSSS shares initially sold for $15 in 2011 but only traded above $20 in 2012. If you held your shares for 13 years, your compound annual growth rate would be -9.9%.&nbsp;</p>



<h2>DXYZ Stock Is Likely to Face the Same Ending</h2>



<p>As <em>Morningstar.com&rsquo;s </em>Jack Shannon pointed out on April 18, DXYZ&rsquo;s net assets at the end of 2023 were <a href="https://www.morningstar.com/funds/dxyz-not-destinys-child">$52 million</a>, or $4.84 a share. That&rsquo;s a 512% premium to its net asset value at current share prices.</p>



<p>I don&rsquo;t care what type of businesses are in its current portfolio of <a href="https://destiny.xyz/tech100">23 companies</a> &mdash; and by the way, they&rsquo;re no more special than what GSV held back in 2011 &mdash; many of these will flame out as public companies once they go public.&nbsp;</p>



<p>History does repeat itself. I wouldn&rsquo;t touch DXYZ with a 10-foot pole.&nbsp;</p>



<p><em>On the date of publication, Will Ashworth </em><em>did not have (either directly or indirectly) any positions in the securities mentioned in this article. </em><em>The opinions expressed in this article are those of the writer, subject to the </em>InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>Publishing Guidelines</a><em>.</em></p>
<div><p>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</p></div><h3>More From InvestorPlace</h3>
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	<p>The post <a href="https://investorplace.com/2024/04/destiny-tech100-why-i-wouldnt-touch-dxyz-stock-with-a-10-foot-pole/">Destiny Tech100: Why I Wouldn&#8217;t Touch DXYZ Stock With a 10-Foot Pole</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Destiny Tech100: Why I Wouldn't Touch DXYZ Stock With a 10-Foot Pole

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>As the technology sector rolls across a bumpier part of the road, investors eager to top-up may have a chance to get some better prices as the choppy second quarter of the year continues. Undoubtedly, it&rsquo;s easy for a new investor to lose their cool as the results from some of the market&rsquo;s hottest <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> begin to come in. That said, it&rsquo;s never a good idea to let emotions drive your investment decisions.</p>



<p>Big bounce-back days like the one enjoyed on Tuesday show many investors why it&rsquo;s often a bad idea to throw in the towel after stocks run into a losing streak. For long-term investors who want to capitalize on the best emerging ideas in the tech sector, there are a handful of interesting exchange-traded funds (ETFs) and closed-end funds (CEFs) to get the job done. </p>



<p>So, whether or not a wrecking ball is headed for <a href="https://investorplace.com/industries/technology/">tech stocks</a>, I find it worthwhile to stash the following funds on one&rsquo;s radar.</p>



<h2><strong>Destiny Tech100 (DXYZ)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/space-spacs-1600-300x169.jpg" alt="Rocket launching into space"><div>Source: 3Dsculptor / Shutterstock.com</div></div><p>It&rsquo;s hard to name another fund that&rsquo;s been nearly as action-packed, exciting and volatile as the <strong>Destiny Tech100 </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/dxyz-stock-quote/"><strong>DXYZ</strong></a>). This closed-end fund (not to be confused with ETFs) allows everyday retail investors to invest in some of the hottest innovative private companies today. </p>



<p>Indeed, it can be tough not to get a bit enthused after seeing the types of private firms underneath the hood. From Elon Musk&rsquo;s private space company SpaceX (the largest holding in the DXYZ) to OpenAI and some smaller firms we have yet to appreciate, the DXYZ certainly seems to be a pretty exclusive club. </p>



<p>Chatting about DXYZ is sure to win you some ears at the dinner table. However, you will pay a colossal premium to net asset value (NAV) to punch your ticket. That is even after the recent collapse in shares from its near-$100 peak to $28 trough. That&rsquo;s a one-way ticket down of more than 70%. </p>



<p>Many pundits have the <a href="https://www.morningstar.com/funds/dxyz-not-destinys-child">NAV pinned at just shy of $5</a>. Indeed, paying north of $28 per share for $5 of value doesn&rsquo;t seem to make a whole lot of sense. Not even if you expect fireworks should SpaceX decide to have an IPO in the future.</p>



<p>With the IPO environment blazing hot, it certainly seems exhilarating and exclusive to have a stake in a private firm like SpaceX before it has a chance to go public. It&rsquo;s not hard to imagine many Elon Musk fans wanting to invest in SpaceX, regardless of the price.</p>



<p>Personally, I&rsquo;m sitting on the sidelines until the premium to NAV slims further. Much further. Who knows? Perhaps the DXYZ will hit single digits if the market sell-off intensifies.</p>



<h2><strong>ARK Next Generation Internet ETF (ARKW)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/logo-ark-invest-cathie-wood-1600-300x169.jpg" alt="Logo for Ark Invest displayed on phone with logo in background as well, symbolizing Cathie Wood stocks"><div>Source: shutterstock.com/viewimage</div></div><p><strong>ARK Next Generation Internet ETF</strong> (NYSEARCA:<a href="https://investorplace.com/stock-quotes/arkw-stock-quote/"><strong>ARKW</strong></a>) stands out as far less speculative than the DXYZ. The fund, which is managed by Cathie Wood, holds shares of some high-tech growth stocks that show disruptive potential.</p>



<p>The stock imploded back in 2021 and 2022, eventually bottoming out to start 2023 fresh. Since those lows, ARKW has been rallying with fury. More recent momentum seems worth getting behind, with shares now up over 55% in just the past year.</p>



<p>Even as <a href="https://www.wsj.com/finance/investing/ark-funds-cathie-wood-investors-56e2950c">many investors pull money out</a> of Cathie Wood&rsquo;s <strong>Ark Invest</strong> funds, the ARKW ETF still looks compelling. That&rsquo;s especially the case for investors seeking disruptive growth at relatively reasonable prices of admission. </p>



<p><strong>Coinbase</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/coin-stock-quote/"><strong>COIN</strong></a>) is a top holding and a major contributor behind the fund&rsquo;s past year of relief gains. With a good mix of stocks playing on fintech, the metaverse and AI, I wouldn&rsquo;t be afraid to keep the fund. It is my favorite of the Ark line and on my radar going into summer.</p>



<h2><strong>iShares Cybersecurity and Tech ETF (IHAK)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/cybersecurity1600c-300x169.jpg" alt="A digital illustration of a hacker in a blue sweatshirt. Cybersecurity Stocks to Sell"><div>Source: Shutterstock</div></div><p>If you want to take thematic investing to the next level, a cybersecurity ETF like the <strong>iShares Cybersecurity and Tech ETF</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ihak-stock-quote/"><strong>IHAK</strong></a>) is worth considering. Amid the rising global risk of cyber threats, it&rsquo;s unsettling to learn of a new company being compromised by cyber attackers.</p>



<p>Even a company as large as <strong>Microsoft</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/"><strong>MSFT</strong></a>) needs to stay vigilant in the face of <a href="https://www.wired.com/story/russia-hackers-microsoft-source-code/">rising cybersecurity risks</a>. With the rise of artificial intelligence (<span>AI</span>), I believe the severity and frequency of major breaches stand to be amplified. And with that, everybody will need to spend big money to bolster their cybersecurity defenses.</p>



<p>Indeed, the cybersecurity tech theme is one that I expect to lead to solid results over the long run. With the recent correction in the IHAK ETF, investors may wish to make a move. Either way, the thematic ETF is worth watching very closely as the cybersecurity good guys strive to stay ahead of the hacker bad guys.</p>



<p><em>On the date of publication, Joey Frenette owned shares of Microsoft. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://protect-us.mimecast.com/s/YUYqC31vVVI7KAkriDfKi6?domain=investorplace.com/">Publishing Guidelines</a>.</em></p>
<div><p>Joey Frenette is a seasoned investment writer specializing in technology and consumer stocks. Contributing to the Motley Fool Canada, TipRanks, and Barchart, Joey excels in spotting mispriced stocks with long-term growth potential in a fast-paced market.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/dxyz-arkw-ihak-3-hot-tech-funds-for-your-summer-watchlist/">DXYZ, ARKW, IHAK: 3 Hot Tech Funds for Your Summer Watchlist</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

DXYZ, ARKW, IHAK: 3 Hot Tech Funds for Your Summer Watchlist

DXYZ And The Fakers Dozen, 13 Stocks With Huge Downside Risk

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>You&rsquo;ve heard about <a href="https://investorplace.com/stock-types/meme-stocks/">meme stocks</a>, but have you heard of meme funds? With the <strong>Destiny Tech100</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/dxyz-stock-quote/"><strong>DXYZ</strong></a>) fund, you can diversify your portfolio into unusual, high-risk assets. It&rsquo;s not something you want to allocate too much of your capital towards, but audacious investors might want to give DXYZ stock a try.</p>



<p>I&rsquo;m calling it a meme fund because the Destiny Tech100 share price rallied sharply before pulling back. So, you might be able to invest in the Destiny Tech100 fund at a comparatively favorable price today. But don&rsquo;t hit that buy button until you&rsquo;ve gotten the need-to-know details about Destiny Tech100, which I&rsquo;ll give you right now.</p>



<h2>Invest in the Uninvestable With Destiny Tech100</h2>



<p>Do you want to buy common-stock shares of <strong>SpaceX</strong> and <strong>OpenAI</strong>? Good luck with that, as those currently aren&rsquo;t publicly traded companies. However, as <em>Bloomberg</em> reported, you can get <a href="https://finance.yahoo.com/news/destiny-ceo-calls-private-tech-143003780.html">indirect portfolio exposure</a> to those hot-topic businesses through DXYZ stock.</p>



<p>Destiny Tech100 invests in SpaceX, OpenAI and other forward-thinking businesses with technology angles. It&rsquo;s a new fund that just started trading on the <strong>New York Stock Exchange</strong> <a href="https://finance.yahoo.com/news/nyse-welcomes-destiny-tech100-dxyz-130000609.html">on March 26</a> of this year.</p>



<p>Furthermore, an innovation-and-impact-focused company called <strong>Destiny XYZ Inc.</strong> manages the Destiny Tech100 fund. The fund&rsquo;s purpose is to provide &ldquo;everyday investors access to many of the world&rsquo;s most exciting private businesses,&rdquo; including SpaceX, OpenAI, Stripe and Discord.</p>



<p>I dug around and found a Securities and Exchange Commission (SEC) filing that reveals some more of the Destiny Tech100 fund&rsquo;s <a href="https://finance.yahoo.com/sec-filing/DXYZ/0001398344-24-005739_1843974?nn=1">holdings</a>. </p>



<p>These are (or at least were, as of Dec. 31, 2023), for the most part, preferred shares of companies that most people won&rsquo;t easily be able to invest in, such as <strong>Axiom Space</strong>, <strong>Impossible Foods</strong> and <strong>Bolt Financial</strong>.</p>



<h2>Financial Faults, but a More Favorable Price</h2>



<p>That same SEC filing revealed some startling financial data about Destiny Tech100 (the company, not the fund). Specifically, Destiny Tech100 sustained a net investment loss of $2.939 million in 2022 and a loss of $2.852 million in 2023.</p>



<p>That&rsquo;s not a wonderful track record, I&rsquo;ll admit. This is the main reason I&rsquo;m warning investors to keep their DXYZ stock positions small, if they choose to invest in it at all.</p>



<p>Also, there&rsquo;s the share-price volatility to consider. The stock, which started trading not long ago, already has a 52-week range of <a href="https://finance.yahoo.com/quote/DXYZ?.tsrc=fin-srch">$8.25 to $105</a>.</p>



<p>Recently, Destiny Tech100 stock traded at around $13, so at least you wouldn&rsquo;t be chasing it near the top. If you&rsquo;re going to buy a meme stock (or meme fund, in this case), it&rsquo;s wise to wait until the risk-to-reward profile is favorable.</p>



<p>In other words, the meme-stock pop-and-drop cycle seems to already have taken place. Consequently, you might want to dip your toes in the water and buy a few reduced-price Destiny Tech100 shares.</p>



<h2>DXYZ Stock: Position Sizing Is Key</h2>



<p>The Destiny Tech100 fund enables access to otherwise uninvestable preferred stocks. The fund&rsquo;s holdings represent some very interesting, innovative, tech-focused businesses.</p>



<p>If you&rsquo;re on board with this and can accept a high level of risk, the Destiny Tech100 fund may be right for you. The key is to only hold a small number of DXYZ stock shares. That way, you won&rsquo;t be overexposed if the fund&rsquo;s value collapses in the coming months.</p>



<p><em>On the date of publication, David Moadel</em><em>&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a><em>.</em></p>
<div><p>David Moadel has provided compelling content &ndash; and crossed the occasional line &ndash; on behalf of Motley Fool, Crush the Street, Market Realist, TalkMarkets, TipRanks, Benzinga, and (of course) InvestorPlace.com. He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets.</p></div><h3>More From InvestorPlace</h3>
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	<p>The post <a href="https://investorplace.com/2024/05/meme-fund-mania-is-dxyz-stock-your-ticket-to-the-hottest-private-companies/">Meme Fund Mania: Is DXYZ Stock Your Ticket to the Hottest Private Companies?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Meme Fund Mania: Is DXYZ Stock Your Ticket to the Hottest Private Companies?

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>If you&rsquo;re a risk taker and into meme-<a href="https://investorplace.com/industries/technology/">tech stocks</a>, <strong>Destiny Tech100</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/dxyz-stock-quote/"><strong>DXYZ</strong></a>) is certainly an intriguing option to consider. This close-ended management investment, the DXYZ stock, <a href="https://destiny.xyz/tech100">operates as an ETF</a>, holding what managers believe are the &ldquo;top 100 high-growth tech companies.&rdquo; Notably, these companies are venture-backed and privately-listed, meaning investors can gain exposure to companies that may otherwise be unavailable on the private market. </p>



<p>Destiny XYZ Inc. manages the company and offers exposure to innovative companies like SpaceX and OpenAI. It began trading on March 26 and aims to provide everyday investors with access to exciting private businesses.</p>



<p>Here&rsquo;s everything you need to know about the DXYZ stock.</p>



<h2>The DXYZ Stock is a <strong>New NYSE Member</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/techstocks1600-300x169.png" alt="Close up of phone with creative forex chart on blue background. Trade, finance, technology and communication concept. 3D Rendering. Tech Stocks to Buy Before the Bull Market Returns. Tech Stocks to buy"><div>Source: Golden Dayz / Shutterstock.com</div></div><p>Destiny Tech100 <a href="https://www.businesswire.com/news/home/20240327776952/en/NYSE-Welcomes-Destiny-Tech100-DXYZ-Pioneering-Access-to-Tech-Innovation">debuted</a> on the New York Stock Exchange on March 26, 2024. Its opening price was $8.25, up 70.5% from the reference price of $4.84. Trading ranged from $8.25 to $30.48, closing at $9.00 with 540,000 shares traded. The company aims to provide investors access to private market growth opportunities in a public market setting, and has clearly seen very strong demand.</p>



<p>The company has revolutionized private-sector investing, making it more accessible and transparent. Destiny Tech100 offers opportunities previously unavailable to average investors and focuses on innovation and impact.</p>



<h2><strong>The Problem</strong> with the DXYZ Stock</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/shutterstock_1926453779-300x169.png" alt="top Tech stocks to watch : Double exposure of man's hands holding and using a phone and financial graph drawing. tech stocks"><div>Source: Peshkova / Shutterstock</div></div><p>The Destiny Tech100 fund, which went public in March, held shares in private giants like <strong>SpaceX</strong>, <strong>OpenAI</strong>, and <strong>Epic Games</strong>. This appeal was evident as these companies were typically inaccessible to the average investor. Moreover, it is also worth noting that the DXYZ stock is not just an average exchange-traded fund. It is also a closed-end management investment company, similar to an investment trust.</p>



<p>Debuting at $8.25 and surging $105 in just 10 days drives investors more to buy into DXYZ. A common mistake made by many new investors is not considering the company&rsquo;s NAV (net asset value). Subsequently, it dropped to as low as $25, still a significant premium of 400% over the reported NAV.</p>



<h2><strong>Private Sector Investing Is Only Heating Up</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/tech-stocks-1600-300x169.png" alt="A hexagonal grid with different tech-related icons; Tech stocks illustration. Best Tech stocks. tech stocks trading at bargain prices"><div>Source: whiteMocca / Shutterstock</div></div><p>Few funds match the excitement of Destiny Tech100, offering retail investors access to innovative private companies. With top holdings like SpaceX and OpenAI, DXYZ is an exclusive club, albeit with a hefty premium. Despite a recent price drop, enthusiasm remains high.</p>



<p>Many experts have estimated this ETF to have a net asset value (NAV) of around $5 per share, so there may be some valuation concerns, given how far this fund has run. As competition picks up in this space, it&rsquo;s possible this multiple could come down. Thus, I&rsquo;d categorize this company as a speculative buy, for those looking to gain exposure to the private sector. </p>



<p><em>On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/05/the-destiny-tech-100-what-you-should-know-before-buying-dxyz-stock/">The Destiny Tech 100: What You Should Know Before Buying DXYZ Stock</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The Destiny Tech 100: What You Should Know Before Buying DXYZ Stock

Destiny Tech100 reports net asset value per share of $5.07

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09:40 EST DESTINY TECH100 (DXYZ) INC trading resumes Published first on TheFly – the ultimate source for real-time, market-moving breaking financia...

DESTINY TECH100 INC trading resumes

Today's trading backdrop features several prominent themes, from monetary policy shifts to geopolitical factors and sector-specific trends.

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