5 Cloud Computing Stocks Under $5

3. Edgio, Inc. (NASDAQ:EGIO)

Number of Hedge Fund Investors in Q4 2022: 15

Edgio, Inc. (NASDAQ:EGIO) is a software infrastructure firm that is headquartered in Tempe, Arizona. It operates private cloud networks that enable firms to provide broadband customers to the last customer. Additionally, it also enables companies to secure their cloud networks against malware and other attacks.

By the end of last year’s December quarter, 15 of the 943 hedge funds polled by Insider Monkey had bought a stake in the firm. Edgio, Inc. (NASDAQ:EGIO)’s largest hedge fund investor is J. Carlo Cannell’s Cannell Capital which owns 2.2 million shares that are worth $2.5 million.

Follow Edgio Inc. (NASDAQ:EGIO)