SpaceX
Databricks
Instacart
Snyk
Attentive
Flexport
Anduril
Stripe
Epic Games
Dataminr1 Companies that received the most ticket and profile view activity over the last 30 days
| Companies | Chg vs. LR |
|---|---|
| Cybereason | +536.82% |
| AuditBoard | +375.40% |
| Canva | +282.12% |
| Neuralink | +174.89% |
| Turo | +99.23% |
| Lucid | +98.48% |
| Boring Company | +52.07% |
| Figma | +35.75% |
| Rubrik | +13.95% |
| Redwood Materials | +9.13% |
| Anduril | +8.26% |
| Stripe | +7.60% |
| Docker | +7.10% |
| Mercury | +1.91% |
| Cohesity | +0.03% |
| SpaceX | 0.00% |
| Anthropic | -0.14% |
| Helion Energy | -1.18% |
| Via Transportation | -4.59% |
| Upside Foods | -12.38% |
| BetterUp | -12.64% |
| Republic | -13.30% |
| Relativity Space | -13.51% |
| Diamond Foundry | -20.13% |
| Dataiku | -21.64% |
| Addepar | -21.85% |
| Ramp | -22.30% |
| Jasper | -22.37% |
| SparkCognition | -23.41% |
| Grafana Labs | -24.81% |
| Odeko | -26.27% |
| Arctic Wolf | -26.73% |
| Axiom Space | -26.94% |
| Scale AI | -28.37% |
| DataStax | -30.51% |
| GrubMarket | -30.67% |
| Alto Pharmacy | -30.76% |
| FrontApp | -31.22% |
| GupShup | -31.82% |
| Benchling | -31.86% |
| Apollo.io | -31.99% |
| Figure Technologies | -33.00% |
| Upgrade | -33.29% |
| MetaMap | -34.46% |
| Flock Safety | -34.73% |
| Hinge Health | -35.45% |
| Navan (TripActions) | -37.35% |
| Intercom | -38.08% |
| Faire | -38.57% |
| Narvar | -39.60% |
| BigID | -41.44% |
| Automation Anywhere | -42.03% |
| Neo4j | -42.60% |
| Blockdaemon | -43.42% |
| MasterClass | -44.03% |
| Databricks | -44.76% |
| Zipline | -45.07% |
| Lukka | -45.35% |
| Icertis | -45.71% |
| Apeel | -45.74% |
| Flutterwave | -46.75% |
| Convoy | -47.33% |
| Notion | -47.71% |
| Pendo | -48.54% |
| Rippling | -48.98% |
| Deel | -49.29% |
| Algolia | -49.84% |
| 6Sense | -50.94% |
| Alloy | -52.04% |
| Motive (KeepTruckin) | -52.44% |
| Just | -52.56% |
| Snyk | -52.94% |
| Postman | -53.41% |
| -53.91% | |
| Tanium | -54.19% |
| VTS | -54.86% |
| Arcadia | -54.87% |
| Carta | -57.22% |
| Gusto | -57.39% |
| Rappi | -57.58% |
| LaunchDarkly | -58.09% |
| Calm | -58.34% |
| Netskope | -58.87% |
| Kraken | -59.17% |
| Discord | -60.13% |
| Alchemy | -60.30% |
| Dataminr | -60.64% |
| Branch Metrics | -61.42% |
| Cockroach | -62.70% |
| Shippo | -63.28% |
| Patreon | -63.63% |
| MNTN | -63.77% |
| ThoughtSpot | -64.77% |
| Attentive | -66.36% |
| Outreach | -67.06% |
| Airtable | -67.27% |
| Socure | -67.39% |
| Chainalysis | -67.41% |
| Genies | -68.42% |
| Farmers Business Network | -70.46% |
| Brex | -71.76% |
| H2O.ai | -72.88% |
| Talkdesk | -73.21% |
| Cerebras | -73.29% |
| Tradeshift | -73.38% |
| Delphix | -73.56% |
| Color Genomics | -73.68% |
| Impossible Foods | -73.80% |
| Cityblock | -74.69% |
| Chime | -74.97% |
| Instacart | -75.36% |
| Podium | -75.81% |
| Jeeves | -76.42% |
| Roman Health | -76.45% |
| Ripple | -76.53% |
| ConsenSys | -77.04% |
| Plaid | -79.52% |
| DataRobot | -79.57% |
| Checkr | -83.33% |
| Zocdoc | -83.75% |
| Bolt Financial | -90.08% |
| Thrasio | -90.62% |
| Better.com | -91.73% |
| EquipmentShare | -92.65% |
Zanbato’s Equal-Weighted Index, which tracks secondary market performance of ZX’s most actively traded companies, fell 9.2% in May. The index is down 28.3% YTD, having seen 16 consecutive months of declines. In comparison, Aerospace/ Defense sector was up 2.3% YTD, AI/ Machine Learning was down 21.7% YTD, Crypto/ Blockchain was down 40.5% YTD, Cybersecurity was down 17.2% YTD and FinTech was down 37.9% YTD.
As seen in the graph, “Fintech and Crypto have been the most impacted. For one, public comp equity values and multiples are down 30-70%, and two, many companies have underperformed previously lofty expectations. 2022 was a regime shift from growth at all costs to now profitable growth, with many business models being put under the microscope, refined and spending curtailed” said Ian Coffman, Director of Portfolio Valuation and Fund Advisory at Houlihan Lokey.
ZX’s average bid-ask spread was 25% in May, 10% higher than the 12-month average. The recent trend can be attributed mainly to the emergence of two-sided markets in numerous new companies that have remained relatively inactive in the past year. Among the top 50 most active companies, the average bid-ask spread of ZX decreased to 8% in May, down from 9% in the previous month.
Bids represented 40% of submitted tickets on ZX in May, a 6% increase from the 12-month average of 34%.
SpaceX, Databricks and Instacart were the three most active companies on ZX in May.
On average, the ZX Index Values for May showed a 31% decrease compared to the last round price per share. However, for companies that completed their last financing round in 2022 or later, their ZX Index Values experienced an average decrease of 24% compared to the last round. The declines in secondary market pricing were in most cases much steeper than the price declines relative to companies’ last rounds of financing, due to many companies trading at premiums to last round pricing in 2021.
This report is provided for informational purposes only and does not constitute a recommendation or solicitation to buy or sell any financial instrument or to participate in any trading strategy and should not be construed as such. The values shown in this report are not indicative price quotations. This report does not constitute investment advice, nor does this report constitute a "research report" as defined by FINRA Rule 2241 or a "debt research report" as defined by FINRA Rule 2242.
The ZXData and the information contained in this report, some of which have been obtained from third-party sources, are provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. Neither Zanbato Inc. (“Zanbato”) nor its affiliates guarantee the accuracy or completeness of the data contained in this report, or its computation and compilation.
The ZXData and this report constitute Zanbato’s valuable intellectual property. You are expressly prohibited from copying, modifying, transmitting or redistributing the ZXData or this report without Zanbato’s prior written consent.
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