Sahm Adrangi was born in New York City and first began his career in finance in 2009 when he became the founder of Kerrisdale Capital Management LLC. It’s an investment management firm based out of New York that is dedicated to helping correct misconceptions regarding over-hyped shorts as well as undervalued stocks that people often overlook. Under his leadership, the company has expanded to include many new divisions such as biotechnology, telecommunications, and mining. Besides his work at Kerrisdale, Sahm Adrangi also serves as the keynote speaker at various conferences throughout the nation such as the distressed debt investing conference and many others. He is also notable for being featured in such high-profile newspapers as the Wall Street Journal.
Recently, the company increased its stake in an enterprise known as Luxoft Hldg Inc by 19.27% and it doesn’t seem to be a good investment for them. They bought a total of 118,600 shares in the company. Not long afterward, the stock of the company plummeted by a total of 26.09%. Fortunately, the company managed to retain 734,056 shares by the end of the first quarter of the year. Of course, these are expensive stocks valued at over $30 million which is a significant increase from last quarter. Sahm Adrangi has given no indication that he wants to pull out of the stock market but it does seem like it would be a smart move if this declining trend continues on.
Sahm Adrangi has been investing in Luxoft for a few months now and they currently have a market cap of $1.3 billion. The stock increased by more than half during the last trading session where it peaked at over 38 million dollars. However, Luxoft has found their stock to be decreasing by over 50 percent since July of 2017 and it doesn’t look to be increasing anytime soon. Additionally, Saratoga Research & Investment Management has also been experiencing a decrease in their stock values. The company has been investing in Coca for the past few months and it doesn’t seem to be paying off but hopefully, things will pick up.