In this article, we will take a look at the 5 best work-from-home (WFH) stocks to buy now. For a detailed analysis of these companies, go directly to the 10 Best Work-From-Home (WFH) Stocks to Buy Now.
5. CrowdStrike Holdings, Inc. (NASDAQ: CRWD)
Number of Hedge Fund Holders: 92
CrowdStrike Holdings, Inc. (NASDAQ: CRWD) is a California-based cybersecurity company founded in 2011. It is placed fifth on our list of 10 best work-from-home (WFH) stocks to buy now. Some of the services it offers include cloud workload and endpoint security, threat intelligence, and cyber attack response. The firm has operations in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom. CrowdStrike stock has returned more than 146% to investors over the past twelve months.
On April 15, CrowdStrike Holdings, Inc. (NASDAQ: CRWD) stock was given a Buy rating with a price target of $265 by investment advisory Deutsche Bank. The share price of the cybersecurity firm went up more than 2% after the ratings update.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Tiger Global Management LLC is a leading shareholder in the firm with 7.5 million shares worth more than $1.5 billion.
“CrowdStrike provides cloud-based software used in the security of computers, servers, and mobile phones. The stock pulled back a bit during the quarter as investor sentiment shifted away from stocks with higher valuation multiples. We remain shareholders, as the protection of enterprise assets and cloud workloads from various forms of cyberattacks remains more important than ever for many enterprises, and we believe this will continue to result in a strong demand environment for CrowdStrike’s innovative products and services.”