5 Best Tech Stocks To Buy Now According To Billionaire Steve Cohen

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In this article, we discuss Steve Cohen’s top 5 tech stocks. If you want to see more stocks in this selection, click 10 Best Tech Stocks To Buy Now According To Billionaire Steve Cohen.

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

Point72 Asset Management’s Stake Value: $161.014 million

Percentage of Point72 Asset Management’s 13F Portfolio: 0.67%

Number of Hedge Fund Holders: 77

Steve Cohen’s Point72 upped its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during Q2 by 603%, holding 955,234 shares as compared to 135,900 shares in the previous quarter. Chase Coleman and Feroz Dewan’s Tiger Global Management LLC is the largest shareholder of CRWD, holding 6.5 million of its shares worth roughly $1.10 billion. CRWD announced its Q2 results on August 30, reporting an EPS of $0.36 and revenue of $535.15 million, both above the market consensus.

On September 2, Peter Sazel, an analyst with Atlantic Equities, began covering CrowdStrike Holdings, Inc. (NASDAQ:CRWD) with a Neutral rating and a $200 price target. In a research note, Sazel informs investors that the company benefits from a first-mover advantage and amassed data that may have produced a network effect and a “strong moat.”

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