5 Best Penny Stocks To Invest In

4. Inpixon (NASDAQ:INPX)

Share Price as of June 8: $0.1681

Number of Hedge Funds Holders: 4

Inpixon (NASDAQ:INPX) is a Palo Alto, California-based provider of smart workplaces and facilities with indoor intelligence. The company provides sensor products that are connected to Wi-Fi and Bluetooth.

In April, Inpixon (NASDAQ:INPX) secured an order from a Fortune-1000 ordering and delivery company for smart office applications to facilitate a hybrid working environment for its employees. The total value of the contract is estimated to be around $500,000, which includes professional services and annual subscription licenses. Meanwhile, in February 2022, Inpixon (NASDAQ:INPX) secured a contract for a hybrid event of a Fortune 500 company with around 50,000 attendees.

Inpixon (NASDAQ:INPX) was held by 4 hedge funds as of Q1 2022.