5 Best Stocks for Beginners with Little Money According to Reddit

3. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 39
Share price as of September 13: $15.81

Palantir Technologies Inc. (NYSE:PLTR) is a software and data analytics company that specializes in providing data integration and analysis solutions to a wide range of industries. The stock is grabbing the attention of the Reddit community due to the growing AI hype this year. This makes the stock well-positioned among beginner as well as seasoned investors. PLTR is currently trading at $15.81 per share, coming through as one of the best cheap beginner stocks according to Reddit.

As of the close of Q2 2023, 39 hedge funds in Insider Monkey’s database reported having stakes in Palantir Technologies Inc. (NYSE:PLTR), growing from 31 in the preceding quarter. The collective value of these stakes is over $987.4 million. Among these hedge funds, D E Shaw was the company’s leading stakeholder in Q2.

Follow Palantir Technologies Inc. (NYSE:PLTR)