5 Unstoppable Stocks That Will Make You Richer

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

Price Target Upside: 25.11%

Year-to-date Gain as of April 11: 28.72%

Number of Hedge Fund Holders: 62

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a cybersecurity company that, through its platform, offers corporate endpoint and cloud workload security, threat intelligence, data protection, and more.

As of April 11, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is up by 28.72% year-to-date. Over the past three months, 40 Wall Street analysts have given their recommendations on the stock, with 38 analysts rating the stock a Buy. As of April 11, the stock’s average price target of $396.45 implies an upside of 25.11% from the last price of $316.88.

In the fourth quarter of 2023, 62 hedge funds had stakes in CrowdStrike Holdings, Inc. (NASDAQ:CRWD), with total positions worth $2.6 billion. This is compared to 69 funds with positions worth $1.277 billion in the third quarter. As of Q4 of 2023, Two Sigma Advisors is the top investor in the company with a stake worth $369.575 million.

TimesSquare Capital Management stated the following regarding CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its fourth quarter 2023 investor letter:

“Across the Information Technology universe, we seek companies possessing differentiated capabilities, products, and services. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-delivered protection across endpoints and cloud workloads. Their stock rallied 53% on the heels of solid fiscal third quarter results, with net new annualized recurring revenues accelerating sequentially.”