5 Best High Risk High Reward Stocks to Buy Now

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

Price-to-Sales Ratio as of August 1: 25.68

Number of Hedge Fund Holders: 80

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides information security services for cloud applications. The company offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company is a global leader in the cybersecurity space and is making efforts to maintain its position. However, the company is suffering and as of August 1, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has lost 28.12% over the past twelve months. The company is at risk of experiencing further losses amid a slowing economy and declining job market.

Wall Street is bullish on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and see the company capturing more market share in the long term. On July 22, Citi analyst Fatima Boolani lowered her price target on Crowdstrike Holding, Inc. (NASDAQ:CRWD) to $235 from $245 but reiterated a Buy rating on the shares. UBS analysts see CrowdStrike Holdings, Inc. (NASDAQ:CRWD) surviving a recession and named the stock among their top conviction picks.

At the close of Q1 2022, 80 hedge funds were long CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and held stakes worth $5.55 billion in the company. This is compared to 74 positions in the previous quarter with stakes worth $5.23 billion. The hedge fund sentiment for the stock is positive.

As of June 30, ARK Investment Management is the leading stakeholder in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and has stakes worth $19.51 million in the company.

Carillon Tower Advisers, an investment management firm, mentioned CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its first-quarter 2022 investor letter. Here is what the firm had to say:

“CrowdStrike (NASDAQ:CRWD), a security software platform designed to protect information technology assets and cloud workloads, delivered strong earnings results with solid recurring revenue, customer growth, and profitability. We expect strong demand to continue, largely in part due to the elevated cyber security threat environment as Russia may seek to attack governments and enterprises in retaliation for economic sanctions imposed in response to its attack on Ukraine.”