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Is CrowdStrike Holdings Inc. (CRWD) A Good Investment Choice?

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Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. Mid-cap stocks as a whole advanced in the first quarter of 2021. However, there was a rather considerable disparity among the two style indexes, as the Russell Midcap® Growth Index (down 0.57%) significantly lagged its Russell Midcap® Value Index (13.45%) counterpart. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Carillon Tower Advisers, in their Q1 2021 investor letter, mentioned CrowdStrike Holdings, Inc. (NASDAQ: CRWD), and shared their insights on the company. CrowdStrike Holdings, Inc. is a Sunnyvale, California-based cybersecurity technology company that currently has a $44.2 billion market capitalization. Since the beginning of the year, CRWD delivered a -6.62% return, while its 12-month gains are up by 173.04%. As of May 04, 2021, the stock closed at $197.79 per share.

Here is what Carillon Tower Advisers has to say about CrowdStrike Holdings, Inc. in their Q1 2021 investor letter:

"CrowdStrike provides cloud-based software used in the security of computers, servers, and mobile phones. The stock pulled back a bit during the quarter as investor sentiment shifted away from stocks with higher valuation multiples. We remain shareholders, as the protection of enterprise assets and cloud workloads from various forms of cyberattacks remains more important than ever for many enterprises, and we believe this will continue to result in a strong demand environment for CrowdStrike’s innovative products and services."

Software
Software

Our calculations show that CrowdStrike Holdings, Inc. (NASDAQ: CRWD) ranks 30th in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, CrowdStrike Holdings, Inc. was in 92 hedge fund portfolios, compared to 71 funds in the third quarter. CRWD delivered a -9.32% return in the past 3 months.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

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Disclosure: None. This article is originally published at Insider Monkey.