5 Micro-Cap Stocks to Buy According to Cathie Wood

4. Conformis, Inc. (NASDAQ:CFMS)

ARK Investment Management’s Stake Value: $19,354,000

Percentage of ARK Investment Management’s 13F Portfolio: 0.04%

Number of Hedge Fund Holders: 8

Market Capitalization: $148.895 million

In the earnings results for the quarter ending September, posted on November 3, Conformis, Inc. (NASDAQ:CFMS) announced a loss per share of $0.07, missing estimates by $0.01. The $14.25 million revenue was down 11.59% year-over-year, but exceeded estimates by $108,000. 

Conformis, Inc. (NASDAQ:CFMS) is a surgical and medical instrument manufacturing company from Massachusetts, specializing in customized hip and knee replacements.  

Conformis, Inc. (NASDAQ:CFMS) is a new arrival in Cathie Wood’s Q3 portfolio, with ARK Investment Management holding 14.55 million shares of the company, worth $19.35 million. Conformis, Inc. (NASDAQ:CFMS) is one of the top micro-cap stocks to buy according to Cathie Wood, representing 0.04% of her total Q3 investments.

John Overdeck and David Siegel’s Two Sigma Advisors holds one of the leading positions in Conformis, Inc. (NASDAQ:CFMS) as of September this year, with 2.87 million shares worth $3.8 million. Overall, 8 hedge funds in the database of Insider Monkey were bullish on Conformis, Inc. (NASDAQ:CFMS) in the third quarter, down from 9 funds in the prior quarter.