3 Best Stocks Under $20 According to Billionaire Andreas Halvorsen’s Viking Global

2. Edgewise Therapeutics, Inc. (NASDAQ:EWTX)

Stake Value of Viking Global: $58,172,000

Share Price: $17.30

Percentage of Viking Global’s 13F Portfolio: 0.17%

Number of Hedge Fund Holders: 15

Edgewise Therapeutics, Inc. (NASDAQ:EWTX), a biopharmaceutical company, develops small molecule therapies for musculoskeletal diseases. It offers a precision medicine muscle platform that generates programs to address various muscle disorders, such as Duchenne, Becker, and limb-girdle muscular dystrophies. Edgewise Therapeutics, Inc. (NASDAQ:EWTX) develops a pipeline of precision medicine product candidates that target key muscle proteins and modulators to address genetically defined muscle disorders. Edgewise Therapeutics, Inc. (NASDAQ:EWTX) was founded in 2017 and is headquartered in Boulder, Colorado.

In the second quarter of 2021, Wedbush analyst Laura Chico initiated coverage of Edgewise Therapeutics, Inc. (NASDAQ:EWTX) with an Outperform rating and $38 price target.

As of the second quarter of 2021, Mr. Halvorsen has stakes worth more than $58 million in Edgewise Therapeutrics, Inc. (NASDAQ:EWTX). He owns over 2.72 million shares in the company which accounts for 0.17% of his 13F portfolio.

By the end of the second quarter of 2021, 15 hedge funds out of the 873 tracked by Insider Monkey held stakes in Edgewise Therapeutics, Inc. (NASDAQ:EWTX) worth $688.6 million. This is compared to 16 positions in the first quarter with stakes of more than $1 billion.