5 Best Software Infrastructure Stocks to Buy

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In this article, we will take a look at the 5 best software infrastructure stocks to buy. To see more such companies, go directly to 12 Best Software Infrastructure Stocks to Buy.

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

Number of Hedge Fund Holders: 72

Cybersecurity and Cloud services company CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides Infrastructure as Code (IaC), Cloud infrastructure and infrastructure monitoring services. IaC includes automating infrastructure provisioning, deployment, configuration, and management, orchestrating infrastructure components, configuring and monitoring all systems.

As of the end of the first quarter of 2023, 72 hedge funds tracked by Insider Monkey reported having stakes in CrowdStrike Holdings, Inc. (NASDAQ:CRWD), up from 66 hedge funds in the previous quarter. The most significant shareholder of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was Ken Griffin’s Citadel Investment Group which owns a $232 million stake in the company.

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.”

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