5 Penny Stocks with Biggest Upside

4. Codexis, Inc. (NASDAQ:CDXS)

Number of Hedge Fund Holders: 18

Engineering company Codexis, Inc. (NASDAQ:CDXS) last month posted second quarter results.

GAAP EPS in the quarter came in at -$0.17 beating estimates by $0.04. Revenue in the quarter fell 44.5% year over year to $21.32 million, in-line with estimates.

As of the end of the second quarter of 2023, 18 hedge funds tracked by Insider Monkey reported owning stakes in Codexis, Inc. (NASDAQ:CDXS). The biggest hedge fund stakeholder of Codexis, Inc. (NASDAQ:CDXS) was Wilmot B. Harkey and Daniel Mack’s Nantahala Capital Management which owns a $14 million stake in the company.