CrowdStrike Holdings (CRWD) Rose on Robust Cybersecurity Demand - InvestingChannel

CrowdStrike Holdings (CRWD) Rose on Robust Cybersecurity Demand

Scout Investments, Inc, an affiliate of Carillon Tower Advisers, Inc., released the “Carillon Scout Mid Cap Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The market advance dominated by large-cap tech stocks broadened out, so mid-and small-cap companies outperformed their large-cap counterparts. In addition, please check the fund’s top five holdings to know its best picks in 2023.

Carillon Scout Mid Cap Fund featured stocks like CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its Q4 2023 investor letter. Headquartered in Austin, Texas, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) offers cybersecurity products and services to stop breaches. On March 22, 2024, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stock closed at $327.58 per share. One-month return of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was 2.04%, and its shares gained 149.32% of their value over the last 52 weeks. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has a market capitalization of $79.231 billion.

Carillon Scout Mid Cap Fund stated the following regarding CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its fourth quarter 2023 investor letter:

“The top contributor for the quarter was CrowdStrike Holdings, Inc. (NASDAQ:CRWD). This security software company’s stock rallied on reports of robust cybersecurity demand and solid earnings, which pushed earnings estimates higher.”

Best Video Surveillance and Private Security Stocks to Buy Security personnel at their consoles, monitoring a global network of threats in real-time.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was held by 62 hedge fund portfolios, up from 69 in the previous quarter, according to our database.

We discussed CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in another article and shared the list of best cybersecurity stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.

 

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

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