Royal Bank of Canada Sells $14M Worth of Cellebrite DI Ltd. Shares

Royal Bank of Canada sold about 200,251 shares of Cellebrite DI Ltd. (NASDAQ: CLBT) during the first quarter, decreasing its holdings in the company by 16.3%.

The firm owned approximately 1,026,309 shares of Cellebrite's stock after selling off some of its stake, which was valued at around $14,142,000 at the end of the most recent reporting period.

This is not an isolated incident, as several other institutional investors have also recently bought and sold shares of the business. For instance, Roubaix Capital LLC increased its stake in Cellebrite by 108% during the first quarter, while Lazard Asset Management LLC purchased a new stake in the company worth $2,134,000.

Principal Financial Group Inc. also boosted its holdings in Cellebrite by 34%, and Migdal Insurance & Financial Holdings Ltd. increased its stake in the company by nearly 29% during the fourth quarter.