Cathie Wood is Dumping These 5 Stocks

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

Number of Hedge Fund Holders: 66

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) is a California-based company that provides endpoint and cloud workload security solutions. It is placed third on our list of 15 stocks that Cathie Wood is dumping.

On September 1, investment advisory BTIG maintained a Buy rating on CrowdStrike Holdings, Inc. (NASDAQ: CRWD) stock and raised the price target to $313 from $302, noting the second quarter results of the firm “cleared every hurdle”. 

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 $1.8 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.”