5 Best Micro-Cap Stocks to Buy According to Hedge Funds

4. Standard BioTools Inc. (NASDAQ:LAB)

Number of Hedge Fund Holders: 17   

Standard BioTools Inc. (NASDAQ:LAB) markets instruments and software for clinical laboratories. In late March, the stock climbed nearly 10% after the company announced that Caligan Partners, the largest shareholder of Standard BioTools, had agreed to a strategic capital infusion from Casdin Capital and Viking Global Investors. In return for the agreement, Caligan has recommended that a life sciences expert join the board of directors of the company upon the completion of the deal. 

On April 11, Standard BioTools Inc. (NASDAQ:LAB) announced that it would be launching the Hyperion+ Imaging System, a new system that provides high-plex spatial imaging with lower limits of detection and improved sample capacity and time to results. 

At the end of the fourth quarter of 2021, 17 hedge funds in the database of Insider Monkey held stakes worth $62 million in Standard BioTools Inc. (NASDAQ:LAB), up from 16 in the preceding quarter worth $118 million.