5 Penny Stocks with Upcoming Growth Catalysts

4. Creatd, Inc. (NASDAQ: CRTD)

Number of Hedge Fund Holders: 1    

Creatd, Inc. (NASDAQ: CRTD) is a New Jersey-based technology company focusing on the development of digital communities. It is placed fourth on our list of 10 penny stocks with upcoming growth catalysts.

Creatd, Inc. (NASDAQ: CRTD) has several growth catalysts that are expected to drive the share price in the coming months. The company has an expanding user base, growing revenue, it recently paid back a lot of debt, and was also able to raise capital.  

At the end of the second quarter of 2021, 1 hedge fund in the database of Insider Monkey held stakes worth $62,000 in Creatd, Inc. (NASDAQ: CRTD), down from 2 in the previous quarter worth $172,000.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Two Sigma Advisors is a leading shareholder in Creatd, Inc. (NASDAQ: CRTD) with 16,600 shares worth more than $62,000.