5 Best Fast Growth Stocks to Buy Now

In this article, we will take a look at the 5 best fast growth stocks to buy now. To see more such companies, go directly to 12 Best Fast Growth Stocks to Buy Now.

5. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 66

Cybersecurity company CrowdStrike Holdings, Inc. (NASDAQ:CRWD) ranks 5th in our list of the best fast growth stocks to buy. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in March posted its Q4 results. Revenue in the quarter increased by about 48% year over year to reach $637.4 million, beating estimates by $10.56 million. Adjusted EPS in the quarter came in at $0.47, beating estimates by $0.04. Annual recurring revenue increased by 48% year over year.

A total of 66 hedge funds tracked by Insider Monkey have stakes in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) as of the end of the fourth quarter of 2022, a significant decline from 85 hedge funds recorded at the end of the previous quarter.

Artisan Developing World Fund made the following comment about CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its Q1 2023 investor letter:

“Top contributors to performance for the quarter included graphics semiconductor company Nvidia, Southeast Asian e-commerce platform Sea, Latin American marketplace MercadoLibre, online travel marketplace Airbnb, and endpoint security company CrowdStrike Holdings, Inc. (NASDAQ:CRWD). CrowdStrike rebounded as its financial results eased demand-related concerns in its core endpoint business, while adoption in platform adjacencies continued to rise.”