5 Best Penny Stocks to Buy According to Billionaire Ken Griffin

3. 8×8, Inc. (NASDAQ:EGHT)

Number of Hedge Fund Holders: 21
Upside Potential: 79%

Headquartered in Campbell, California, 8×8, Inc. (NASDAQ:EGHT) is a technology penny stock that provides a voice video chat contact center and enterprise-class application programmable interface API. 

By the end of last year, 21 out of the 933 hedge funds profiled by Insider Monkey had invested in 8×8, Inc. (NASDAQ:EGHT). Ian Simm’s Impax Asset Management owned the biggest stake among these, owning $12.59 million worth of shares.

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