5 Micro-Cap Stocks to Buy According to Cathie Wood

2. AquaBounty Technologies, Inc. (NASDAQ:AQB)

ARK Investment Management’s Stake Value: $25,221,000

Percentage of ARK Investment Management’s 13F Portfolio: 0.06%

Number of Hedge Fund Holders: 6

Market Capitalization: $170.107 million

AquaBounty Technologies, Inc. (NASDAQ:AQB), one of the top micro-cap stocks to buy according to Cathie Wood, is a biotechnology company from Massachusetts known for its research and development of genetically modified fish. AquaBounty Technologies, Inc. (NASDAQ:AQB) is working to create products that increase the productivity of aquaculture.

ARK Investment Management holds a $25.2 million stake in AquaBounty Technologies, Inc. (NASDAQ:AQB) as of Q3 2021, which accounts for 0.06% of the hedge fund’s total investments for the quarter. 

AquaBounty Technologies, Inc. (NASDAQ:AQB), on November 4, announced its Q3 results. The company posted a loss per share of $0.10, missing estimates by $0.03. The $455,400 revenue for the quarter also missed estimates by $242,100. 

On November 9, H.C. Wainwright analyst Kevin Dede upgraded AquaBounty Technologies, Inc. (NASDAQ:AQB) to Buy from Neutral with a $4.50 price target, stating that the company addressed many questions and unknowns when reporting Q3 results.

At the end of the third quarter, 6 hedge funds reported owning stakes in AquaBounty Technologies, Inc. (NASDAQ:AQB), worth $27.5 million. This is compared to 4 funds being bullish on the stock in the preceding quarter, with the total stakes amounting to $41.2 million.