Carillon Tower Advisers Expects CrowdStrike (CRWD) to “Continue to Execute Well and Exhibit Positive Fundamentals”

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Mid-cap stocks overall posted solid gains in the final quarter of 2021. As was the case for the majority of the year, the Russell Midcap® Growth Index (up 2.85%) lagged behind its Russell Midcap® Value Index (up 8.54%) counterpart. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Carillon Tower Advisers, in its Q4 2021 investor letter, mentioned CrowdStrike Holdings, Inc. (NASDAQ: CRWD) and discussed its stance on the firm. CrowdStrike Holdings, Inc. is a Sunnyvale, California-based cybersecurity technology company with a $42.8 billion market capitalization. CRWD delivered a -8.72% return since the beginning of the year, while its 12-month returns are down by -20.40%. The stock closed at $186.90 per share on February 09, 2022.

Here is what Carillon Tower Advisers has to say about CrowdStrike Holdings, Inc. in its Q4 2021 investor letter:

“CrowdStrike, a security software platform with leadership in protecting endpoints such as servers, computers, and other IT assets, delivered strong earnings results with exceptional recurring revenue and new customer growth. The firm’s shares were pressured in the quarter as valuation multiple compression punished high-growth stocks in a meaningful way. However, we don’t believe this to be company-specific and expect the firm to continue to execute well and exhibit positive fundamentals.”

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Our calculations show that CrowdStrike Holdings, Inc. (NASDAQ: CRWD) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. CRWD was in 74 hedge fund portfolios at the end of the third quarter of 2021, compared to 63 funds in the previous quarter. CrowdStrike Holdings, Inc. (NASDAQ: CRWD) delivered a -33.47% return in the past 3 months.

In December 2021, we also shared another hedge fund’s views on CRWD in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.