Reasons for the Surge of CrowdStrike Holdings (CRWD) in Q3

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, mid-cap stocks had negative returns, reversing their positive returns in the first half of the year. The Russell Midcap Growth Index was down 5.22% slightly trailing the Russell Midcap Value Index which was down 4.46%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Carillon Eagle Mid Cap Growth Fund highlighted stocks like CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the third quarter 2023 investor letter. Headquartered in Austin, Texas, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) offers cybersecurity products and services to stop breaches. On October 26, 2023, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stock closed at $171.64 per share. One-month return of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was 2.55%, and its shares gained 4.88% of their value over the last 52 weeks. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has a market capitalization of $40.986 billion.

Carillon Eagle Mid Cap Growth Fund made the following comment about CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its Q3 2023 investor letter:

“CrowdStrike Holdings, Inc. (NASDAQ:CRWD), a provider of cyber security software solutions, delivered positive quarterly results and forward guidance above expectations. Large deal momentum was driven by cloud security, identity protection, and security software management. Other positive developments include an improved profitability profile and ramping reseller partnerships.”

A computer engineer analyzing a server network for cyber security threats. Editorial photo for a financial news article. 8k. –ar 16:9

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 65 hedge fund portfolios held CrowdStrike Holdings, Inc. (NASDAQ:CRWD) at the end of the second quarter, which was 72 in the previous quarter.

We discussed CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in another article and shared Aristotle Large Cap Growth Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q3 2023 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

• Renaissance Technologies Returns, AUM, CEO and Top Energy Stock Picks
• 12 Best Dow Jones Dividend Stocks According to Hedge Funds
• 12 Biggest Energy Drink Stocks in the US

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