Here’s What Makes CrowdStrike (CRWD) A Great Investment Choice

Baron Funds, an asset management firm, published its “Baron Opportunity Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. A decline of 2.03% was delivered by the fund’s institutional shares for the third quarter of 2021. For the period, the Fund trailed the Russell 3000 Growth Index, which rose 0.69%, and the S&P 500 Index, which increased 0.58%. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Baron Opportunity Fund, in its Q3 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 $47.9 billion market capitalization. CRWD delivered a -3.54% return since the beginning of the year, while its 12-month returns are up by 25.88%. The stock closed at $209.18 per share on December 08, 2021.

Here is what Baron Opportunity Fund has to say about CrowdStrike Holdings, Inc.  in its Q3 2021 investor letter:

“CrowdStrike, Inc. – CrowdStrike disrupted the cybersecurity market with a cloud-native endpoint protection solution, replacing the legacy anti-virus tools used to protect computers, smartphones, and the like. Today, CrowdStrike offers over 20 different modules – collecting data once and analyzing it in different ways – to protect enterprise endpoints and cloud workloads from many different types of cyber threats, and providing threat intelligence, cyber analytics, vulnerability management, and automated and people-based remediation services. CrowdStrike has a highly efficient go-to-market motion because its single, integrated, cloud-native platform enables existing and new customers to start free in-App trials at the click of a button to try out CrowdStrike’s offerings for themselves. We believe these new TAMs have enabled CrowdStrike to expand its addressable market over five times from its initial offering and should yield over 30% growth for the next several years.”

[Shutterstock: 380107090, scyther5]

Based on our calculations, (NASDAQ: CRWD) was not able to clinch a spot in 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 66 funds in the previous quarter. (NASDAQ: CRWD) delivered a -21.13% return in the past 3 months.

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