5 Best New Penny Stocks to Buy Now

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In this article, we will take a look at the 5 best new penny stocks to buy now. To see more such companies, go directly to 10 Best New Penny Stocks to Buy Now.

5. Thoughtworks Holding, Inc. (NASDAQ:TWKS)

Number of Hedge Fund Holders: 14

IT services and consultancy company Thoughtworks Holding, Inc. (NASDAQ:TWKS) ranks 5th in our list of the best new penny stocks to buy now according to hedge funds.

Earlier this month, Thoughtworks Holding, Inc. (NASDAQ:TWKS) announced Q2 results. GAAP EPS in the quarter came in at -$0.04, missing estimates by $0.06. Revenue in the quarter fell 13.5% year over year to $287.2 million, missing estimates by $14.44 million.

As of the end of the first quarter of 2023, 14 hedge funds in Insider Monkey’s database of 943 funds reported owning stakes in Thoughtworks Holding, Inc. (NASDAQ:TWKS). The biggest stakeholder of Thoughtworks Holding, Inc. (NASDAQ:TWKS) during this period was Phill Gross and Robert Atchinson’s Adage Capital Management which owns an $11.4 million stake in the company.

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