5 Best Stocks to Buy According to David Einhorn’s Greenlight Capital

3. Concentrix Corporation (NASDAQ: CNXC)

Einhorn’s Stake Value: $71,198,000
Percent of David Einhorn’s 13F Portfolio: 4.95%
Number of Hedge Fund Holders: 23

Concentrix Corporation (NASDAQ: CNXC) is a technology company that offers customer experience solutions. The company released its financials for the quarterly ended February 2021, revealing that it generated $1.35 billion in revenue, which was 13.9% higher than its Q1 2020 revenue. It is placed third on our list of 10 best stocks to buy according to David Einhorn’s Greenlight Capital.

The company’s operating income was $134.9 million, roughly 10% above the revenue figure reported for the same quarter. The operating income was also higher than the $88.2 million that it reported in Q1 2020. 

At the end of the first quarter of 2021, 23 hedge funds in the database of Insider Monkey held stakes worth $576 million in Concentrix Corporation (NASDAQ: CNXC), up from 21 the preceding quarter worth $406 million.