Arctic Wolf pricing research from Nikkl

Updated as of 9/21/2023

Insights from Nikkl

  1. Secondary investors are interested in Arctic Wolf as demonstrated by current trading activity on Caplight and Forge. 

  2. In its most recent filing, Neuberger Berman marked Arctic Wolf to $9.90 per share, the first reduction in share price since buying Arctic Wolf at $11.00 per share in Q4 2021.

  3. Current trading activity is happening at a discount to prices marked by mutual funds.  For example, Neuberger Berman marked Arctic Wolf at $9.90 per share on June 30, 2023, and trades on Caplight and Forge ranged between $5.65 and $6.23 per share in August 2023.

Recent pricing events for Arctic Wolf

Source Valuation type Share price as of
Notice Index $6.04 9/21/2023
Forge Index $6.42 9/20/2023
Caplight Index $6.23 8/31/2023
Caplight Secondaries $6.28 8/2/2023
Forge Secondaries $5.65 8/2/2023
409a 409A $3.83 7/7/2023
Golub Capital BDC 3 Mutual fund $8.08 7/1/2023
PS Fund Mutual fund $8.40 7/1/2023
Neuberger Berman Mutual fund $9.90 6/30/2023
Owl Rock Technology Finance Corp. Mutual fund $9.75 6/30/2023
EquityZen Secondaries N/A N/A

Data sourced from company filings and partner websites; updated 9/21/2023.

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