5 Best Stocks for Long-Term Growth

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

Number of Hedge Fund Holders: 77

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is an innovator in cybersecurity solutions and is exploring strategic M&A options to further strengthen its portfolio. On September 20, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) announced its plans to acquire cybersecurity firm Reposify which operates an external attack surface management platform. The cybersecurity industry is expected to experience strong growth as businesses go digital and rely on companies like CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to ensure enterprise security. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the best long-term stocks to buy now.

On October 6, Evercore ISI analyst Peter Levine started coverage of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) with a buy-side Outperform rating and a $250 price target. The analyst noted that the company has a “hyper-growth profile coupled with profitability,” and “best-in-class” cash flows. The analyst said that CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is well-positioned to be a long-term stock for investors that are looking to invest in the cybersecurity industry. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has free cash flows of $542.7 million.

At the end of Q2 2022, 77 hedge funds held stakes in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) worth $4.10 billion. Of those, Tiger Global Management LLC was the most prominent investor with stakes worth $1.10 billion.

Here is what Carillon Tower Advisers had to say about CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its second-quarter 2022 investor letter:

“CrowdStrike Holdings, Inc. (NASDAQ:CRWD), a security software platform for protecting information technology assets and cloud workloads, delivered strong earnings results, with solid recurring revenue, customer growth, and profitability. Some investors, however, hoped for bigger numbers on the annual recurring revenue metric. Additionally, CrowdStrike has shown a desire to continue to hire to fuel growth, and so the expected increase in future profitability will be held back somewhat in the near term. We remain positive on the company’s prospects, as current geopolitical tensions make cyber security mission-critical.”