Published on 12 Jan 2022 on Insider Monkey via Yahoo Finance

Hedge Funds Are Buying Pulmonx Corporation (LUNG)

In this article we will check out the progression of hedge fund sentiment towards Pulmonx Corporation (NASDAQ:LUNG) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds have access to expert networks and get tips from industry insiders. They also employ numerous Ivy League graduates and MBAs. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments.

Pulmonx Corporation (NASDAQ:LUNG) has seen an increase in support from the world's most elite money managers of late. Pulmonx Corporation (NASDAQ:LUNG) was in 22 hedge funds' portfolios at the end of the third quarter of 2021. The all time high for this statistic is 27. There were 20 hedge funds in our database with LUNG holdings at the end of June. Our calculations also showed that LUNG isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. Now we're going to go over the fresh hedge fund action encompassing Pulmonx Corporation (NASDAQ:LUNG).