5 Best Cheap Technology Stocks To Invest In

4. Skillz Inc. (NYSE:SKLZ)

Number of Hedge Fund Holders: 20
Share Price as of November 1: $12.04

Skillz Inc. (NYSE:SKLZ) went public on May 2020, traded at $9.85 per share at that time. The stock gained 19.2% since its IPO.

At the end of Q2, 20 hedge funds tracked by Insider Monkey reported owning stakes in Skillz Inc. (NYSE:SKLZ), down from 26 in the previous quarter. The total worth of these stakes is over $1.1billion, up from $672.9 million in Q1 2021.

Recently, BTIG initiated its coverage on Skillz Inc. (NYSE:SKLZ) with a Neutral rating, highlighting the company’s position in the growing iGaming industry. In Q2, Skillz Inc. (NYSE:SKLZ) reported revenue of $89.5 million, presenting a 52% year-over-year growth.