5 Best Technology Penny Stocks to Buy

3. Marqeta, Inc. (NASDAQ:MQ)

Number of Q1 2023 Hedge Fund Investors: 30

Marqeta, Inc. (NASDAQ:MQ) is a cloud services provider whose platform allows customers to utilize transaction services and credit/debit card issuance. The firm had a high growth first quarter of 2023, as it reported $89 million in gross profit which marked a 19% annual growth.

After digging through 943 hedge funds for their first quarter of 2023 investments, Insider Monkey discovered that 30 had invested in Marqeta, Inc. (NASDAQ:MQ). The firm’s biggest hedge fund investor is Mick Hellman’s HMI Capital with a stake worth $91 million.

Follow Marqeta Inc.