5 Small-Cap Stocks with High Potential

2. Cogent Biosciences, Inc. (NASDAQ:COGT)

Number of Hedge Fund Holders: 38

Market Capitalization: $537 million

Cogent Biosciences, Inc. (NASDAQ:COGT) is a biotechnology company focused on developing precision therapies for genetically defined diseases.

On December 11, Cogent Biosciences, Inc. (NASDAQ:COGT) reported positive data from Part 1 of the company’s ongoing Phase 2 APEX clinical trial evaluating bezuclastinib in patients with advanced systemic mastocytosis. The company is actively enrolling patients in Part 2 of the Phase 3 registration-enabling PEAK trial in Gastrointestinal Stromal Tumors (GIST).

Cogent Biosciences, Inc. (NASDAQ:COGT) shares were owned by 38 prominent hedge funds tracked by Insider Monkey with a total value of $379 million, as of Q3 2023.