5 Small Innovative Companies According to the Media

In this piece, we will take a look at the five small innovative companies according to the media. For more small and innovative companies, head on over to 15 Small Innovative Companies According to the Media.

5. Danimer Scientific, Inc. (NYSE:DNMR)

Market Capitalization as of February 6, 2023: $274 million

Danimer Scientific, Inc. (NYSE:DNMR) is a chemicals company based in Bainbridge, Georgia. The firm is looking to combat the pollution caused by conventional plastics that are derived from petrochemicals. To achieve this, Danimer Scientific, Inc. (NYSE:DNMR) is making biodegradable food containers, straws, and cups, as well as fibers, coatings, and other products.

Danimer Scientific, Inc. (NYSE:DNMR) is another up and coming company that is on the radar of the investment giant BlackRock. As of January 2023, BlackRock had increased its position in the firm by 7.55% by buying close to half a million additional shares. Insider Monkey scanned 920 hedge fund portfolios for 2022’s third quarter to discover that 16 had invested in Danimer Scientific, Inc. (NYSE:DNMR).

Out of these, David Einhorn’s Greenlight Capital is Danimer Scientific, Inc. (NYSE:DNMR)’s largest investor with a $5.6 million stake that comes courtesy of 1.9 million shares.

4. BitGo

Latest Valuation as of November 15, 2022: $1.2 billion

BitGo is a private company that was set up in 2013. The firm is primarily a cryptocurrency wallet provider, which has several products such as hot wallets, NFT wallets, cold wallets, and custodial wallets in its portfolio. At the same time, BitGo has also expanded its services to also let users trade, borrow, lend, and conduct other operations with their digital assets. The firm’s latest market value is $1.2 billion according to a Forbes Magazine report that came to light in November 2022.

3. Everbridge, Inc. (NASDAQ:EVBG)

Market Capitalization as of February 6, 2023: $1.34 billion

Everbridge, Inc. (NASDAQ:EVBG) is an American technology firm that is headquartered in Burlington, Massachusetts. The company is a crisis management software provider which allows its customers to send mass notifications, operate a command center, and carry out other operations.

Everbridge, Inc. (NASDAQ:EVBG) has customers all over the U.S., including the Air Force’s 173rd Fighter Wing which tested its system in January 2023. 30 of the 20 hedge funds part of Insider Monkey’s Q3 2022 survey had held a stake in the company.

Everbridge, Inc. (NASDAQ:EVBG)’s largest hedge fund investor is D.E. Shaw’s D E Shaw which owns 1.6 million shares that are worth $52 million.

2. Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD)

Market Capitalization as of February 6, 2023: $1.75 billion

Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) is a specialty drug manufacturer based in Boston, Massachusetts. The company develops treatments for irritable bowel syndrome (IBS), constipation, bladder pain, and other medical conditions.

Insider Monkey analyzed 920 hedge fund portfolios for last year’s third quarter to discover that 21 had bought a stake in Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD).

Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD)’s largest hedge fund shareholder in our database is Meridee A. Moore’s Watershed Asset Management which owns 23,366 shares that are worth $289,505.

1. Glaukos Corporation (NYSE:GKOS)

Market Capitalization as of February 6, 2023: $2.46 billion

Glaukos Corporation (NYSE:GKOS) is a medical device manufacturer. The firm’s products include stents and implants that are used in several use cases such as for patients suffering from glaucoma and for surgeries to treat glaucoma. Glaukos Corporation (NYSE:GKOS) is based in San Clemente, California.

Glaukos Corporation (NYSE:GKOS) is currently developing a new device called iDose TR that is implanted inside the eye. This device will autonomously release medicine in the eye, and provide patients with a hassle free medium of taking their medicine. By the end of Q3 2022, 26 of the 920 hedge funds surveyed by Insider Monkey had invested in Glaukos Corporation (NYSE:GKOS).

Efrem Kamen’s Pura Vida Investments is Glaukos Corporation (NYSE:GKOS)’s largest investor with a $37 million stake that comes courtesy of 704,412 shares.

Disclosure: None. You can also take a peek at 15 Best Cybersecurity Stocks To Buy and 10 Best February Dividend Stocks To Buy.

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