Here’s Why You Should Consider Investing in CrowdStrike (CRWD)

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” first quarter 2022 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.  Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Eagle Mid Cap Growth Fund mentioned CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and explained its insights for the company. Founded in 2011, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is an Austin, Texas-based cybersecurity technology company with a $42.2 billion market capitalization. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) delivered a -11.15% return since the beginning of the year, while its 12-month returns are down by -28.68%. The stock closed at $181.93 per share on June 27, 2022.

Here is what Carillon Eagle Mid Cap Growth Fund has to say about CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its Q1 2022 investor letter:

CrowdStrike (NASDAQ:CRWD), a security software platform designed to protect information technology assets and cloud workloads, delivered strong earnings results with solid recurring revenue, customer growth, and profitability. We expect strong demand to continue, largely in part due to the elevated cyber security threat environment as Russia may seek to attack governments and enterprises in retaliation for economic sanctions imposed in response to its attack on Ukraine.”

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Our calculations show that CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was in 80 hedge fund portfolios at the end of the first quarter of 2022, compared to 74 funds in the previous quarter. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) delivered a -18.09% return in the past 3 months.

In May 2022, we also shared another hedge fund’s views on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

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