5 High Growth Micro-Cap Stocks to Buy According to Hedge Funds

3. BlackSky Technology Inc. (NYSE:BKSY)

Quarterly Revenue Growth YoY as of September 30, 2022: 113.40%

Number of Hedge Fund Holders: 13

BlackSky Technology Inc. (NYSE:BKSY) offers a range of products and services related to geospatial intelligence, imagery, and data analytics, as well as mission systems. As of December 31, Cercano Management is the most prominent shareholder in BlackSky Technology Inc. (NYSE:BKSY) and has a position worth $15.3 million in the company.

BlackSky Technology Inc. (NYSE:BKSY) generated a revenue of $16.94 million during the fiscal third quarter of 2022. The company grew its revenue by 113.4% year over year and outperformed revenue expectations by $0.37 million. BlackSky Technology Inc. (NYSE:BKSY) is one of the top high growth micro-cap stocks hedge funds are piling into.

At the end of Q4 2022, 13 hedge funds were bullish on BlackSky Technology Inc. (NYSE:BKSY) and disclosed positions worth $24.7 million in the company. This is compared to 9 hedge funds in the previous quarter with stakes worth $8.7 million. The hedge fund sentiment for the stock is positive.

Follow Blacksky Technology Inc.