5 Stocks Stanley Druckenmiller is Selling

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

Number of Hedge Fund Holders: 77

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) stock has offered investors returns exceeding 148% over the course of the past year. It is a cybersecurity firm based in California. It is placed second on our list of 10 stocks Stanley Druckenmiller is selling. Duquesne Capital holds no shares in the firm, regulatory documents reveal. 

On June 22, investment advisory Stifel upgraded CrowdStrike Holdings, Inc. (NASDAQ: CRWD) stock to Buy from Hold and issued a revised price target of $300 from $240, noting that the firm still had significant runway for customer growth through to 2022. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Tiger Global Management LLC  is a leading shareholder in CrowdStrike Holdings, Inc. (NASDAQ: CRWD)  with 7.5 million shares worth more than $1.3 billion. 

In its Q1 2021 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and CrowdStrike Holdings, Inc. (NASDAQ: CRWD) was one of them. Here is what the fund said:

“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.”