5 Best Emerging Tech Stocks to Buy Now

In this piece, we will take a look at the five best emerging tech stocks to buy now. For more stocks, head on over to 10 Best Emerging Tech Stocks to Buy Now.

5. Eventbrite, Inc. (NYSE:EB)

Number of Hedge Fund Investors In Q4 2022: 22

Eventbrite, Inc. (NYSE:EB) is a software technology company that is headquartered in San Francisco, California. It operates a platform that enables event holders to attract audiences for their programming and to sell tickets.

Insider Monkey looked through 943 hedge funds for 2022’s December quarter and found out that 22 had invested in Eventbrite, Inc. (NYSE:EB). Out of these, the firm’s largest investor is Eric Bannasch’s Cadian Capital which owns eight million shares that are worth $46.9 million.

4. International Money Express, Inc. (NASDAQ:IMXI)

Number of Hedge Fund Investors In Q4 2022: 22

International Money Express, Inc. (NASDAQ:IMXI) is another software company and one that is headquartered in Miami, Florida. Its software enables people to send money all over the world, in regions including North America, South America, and Asia.

22 of the 943 hedge funds surveyed by Insider Monkey had bought the company’s shares in Q4 2022. International Money Express, Inc. (NASDAQ:IMXI)’s largest shareholder in our database is Parsa Kiai’s Steamboat Capital Partners which owns 1.3 million shares that are worth $32 million.

3. Paysafe Limited (NYSE:PSFE)

Number of Hedge Fund Investors In Q4 2022: 23

Paysafe Limited (NYSE:PSFE) is a digital commerce solutions provider that is headquartered in London, United Kingdom. It enables companies to process transactions, run data analytics, operate digital wallets, and make payments.

Insider Monkey’s December quarter of 2022 survey covering 943 hedge funds revealed that 23 had held a stake in Paysafe Limited (NYSE:PSFE). Out of these, the firm’s largest investor is Phill Gross and Robert Atchinson’s Adage Capital Management which owns 892,134 shares that are worth $12 million.

2. Stem, Inc. (NYSE:STEM)

Number of Hedge Fund Investors In Q4 2022: 25

Stem, Inc. (NYSE:STEM) is a diversified technology firm that offers energy storage and artificial intelligence platforms. Alongside these, the firm also provides optimization, procurement, and optimization services.

As of Q4 2022, 25 of the 943 hedge funds profiled by Insider Monkey had invested in the company. Stem, Inc. (NYSE:STEM)’s largest investor is Jos Shaver’s Electron Capital Partners which owns 4.8 million shares that are worth $43 million.

1. Photronics, Inc. (NASDAQ:PLAB)

Number of Hedge Fund Investors In Q4 2022: 25

Photronics, Inc. (NASDAQ:PLAB) is a semiconductor technology company that is headquartered in Brookfield, Connecticut. It is a backend chip manufacturing equipment provider, as it serves the industry through products such as photomasks and related services.

Insider Monkey profiled 943 hedge funds for their fourth quarter of 2022 investments and found out that 25 had held a stake in the firm. Chuck Royce’s Royce & Associates is Photronics, Inc. (NASDAQ:PLAB)’s largest hedge fund investor since it owns 973,062 shares that are worth $16.3 million.

Disclosure: None. You can also take a look at 15 Best States To Live In: 2023 Rankings and 12 Best Low-Priced Technology Stocks To Invest In.

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