5 Technology Stocks with Insider Buying

3. Super Micro Computer, Inc. (NASDAQ:SMCI)

Number of Hedge Fund Holders: 36

IT company Super Micro Computer, Inc. (NASDAQ:SMCI)’s director Shiu Leung Chan in May 2023 bought about 3,000 shares of the company at $133.88 per share. Super Micro Computer, Inc. (NASDAQ:SMCI) has gained about 160% since the transaction.

As of the end of the first quarter of 2023, 36 hedge funds in Insider Monkey’s database of 943 funds reported having stakes in Super Micro Computer, Inc. (NASDAQ:SMCI). The biggest stakeholder of Super Micro Computer, Inc. (NASDAQ:SMCI) was Alex Sacerdote’s Whale Rock Capital Management which had an $84 million stake in the company.