Carillon Tower Advisers is Positive on the Prospects of CrowdStrike Holdings (CRWD)

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. The second quarter witnessed a poor overall performance of mid-cap stocks. The Russell Midcap Growth Index was down 21.07% and fell more compared to its counterpart Russell Midcap Value Index (down 14.68%). In the quarter, all sector returns were negative for the Russell Midcap Growth Index due to market volatility. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Carillon Tower Advisers discussed stocks like CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its second quarter 2022 investor letter. Headquartered in Austin, Texas, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is an American cyber security technology company. On September 2, 2022, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stock closed at $172.45 per share. One-month return of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was -9.01% and its shares lost 38.02% of their value over the last 52 weeks. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has a market capitalization of $40.021 billion.

Here is what Carillon Tower Advisers specifically said about CrowdStrike Holdings, Inc. (NASDAQ:CRWD):

CrowdStrike Holdings, Inc. (NASDAQ:CRWD), a security software platform for protecting information technology assets and cloud workloads, delivered strong earnings results, with solid recurring revenue, customer growth, and profitability. Some investors, however, hoped for bigger numbers on the annual recurring revenue metric. Additionally, CrowdStrike has shown a desire to continue to hire to fuel growth, and so the expected increase in future profitability will be held back somewhat in the near term. We remain positive on the company’s prospects, as current geopolitical tensions make cyber security mission-critical.”

Cybersecurity Computer VPN

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is not on the list of 30 Most Popular Stocks Among Hedge Funds. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was held by 77 hedge fund portfolios at the end of the second quarter compared to 80 in the previous quarter.

We discussed CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in another article and shared ClearBridge Investments’ views on the company. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

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