5 Cloud Computing Stocks Under $5

In this piece, we will take a look at the five cloud computing stocks under $5. For more stocks, head on over to 10 Best Cloud Computing Stocks Under $5.

5. SuRo Capital Corp. (NASDAQ:SSSS)

Number of Hedge Fund Investors in Q4 2022: 8

SuRo Capital Corp. (NASDAQ:SSSS) is a financial services company that is headquartered in San Francisco, California. The firm invests in technology companies, including cloud computing ventures. As of December 2022, 10% of the firm’s investment portfolio was in cloud computing firms. Its target firms are primarily mature and late stage venture backed firms.

By the end of December 2022, eight of the 943 hedge funds polled by Insider Monkey had held a stake in SuRo Capital Corp. (NASDAQ:SSSS).

4. HUYA Inc. (NYSE:HUYA)

Number of Hedge Fund Investors in Q4 2022: 11

HUYA Inc. (NYSE:HUYA) is a communications services company that is headquartered in Guangzhou, China. It operates a public cloud platform that enables users to interact with broadcasters during live streams. Additionally, HUYA also has an international presence through a video game streaming platform.

11 of the 943 hedge funds polled by Insider Monkey had bought HUYA Inc. (NYSE:HUYA)’s shares during Q4 2022. Out of these, Jim Simons’ Renaissance Technologies is the firm’s largest shareholder since it owns two million shares that are worth $7.9 million.

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.

2. VNET Group, Inc. (NASDAQ:VNET)

Number of Hedge Fund Investors in Q4 2022: 21

VNET Group, Inc. (NASDAQ:VNET) is an information technology company that is based in Beijing, China. It provides cloud services that enable users to run applications over the Internet.

21 of the 943 hedge funds polled by Insider Monkey had held a stake in VNET Group, Inc. (NASDAQ:VNET) during last year’s December quarter. Seth Fischer’s Oasis Management is the firm’s largest investor. It owns 3.4 million shares that are worth $19.3 million.

1. Lumen Technologies, Inc. (NYSE:LUMN)

Number of Hedge Fund Investors in Q4 2022: 34

Lumen Technologies, Inc. (NYSE:LUMN) is a communications services company headquartered in Monroe, Louisiana. The firm’s cloud computing division includes providing customers the ability to deploy public or private clouds.

Insider Monkey dug through 943 hedge funds for their Q4 2022 shareholdings and found out that 34 had invested in Lumen Technologies, Inc. (NYSE:LUMN).

Disclosure: None. You can also take a look at 20 Best Mutual Funds in 2023 and 13 Best Medical Stocks To Invest In.

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