5 Best Cybersecurity Stocks Under $10

3. CynergisTek, Inc. (NYSE:CTEK)

Number of Hedge Fund Holders: 4

Share Price as of November 11: $1.71   

CynergisTek, Inc. (NYSE:CTEK) provides services related to cybersecurity, compliance, and privacy. The stock has been soaring in the past few weeks after the company announced that it had won new contracts for privacy consulting that pushed year-over-year contract growth across verticals to 200%. Some of these include security assessment services for a large credit union and an agreement with a healthcare firm for services related to Privileged Access Management. 

In earnings results for the second quarter, posted in August, CynergisTek, Inc. (NYSE:CTEK) reported earnings per share of $0.00, beating market predictions by $0.14. The revenue over the period was $3.88 million. 

Among the hedge funds being tracked by Insider Monkey, New York-based firm Renaissance Technologies is a leading shareholder in CynergisTek, Inc. (NYSE:CTEK) with 170,383 shares worth more than $346,000. 

At the end of the second quarter of 2021, 4 hedge funds in the database of Insider Monkey held stakes worth $548,000 in CynergisTek, Inc. (NYSE:CTEK), the same as in the previous quarter worth $577,000.