Reddit Stock Portfolio: 5 Most Popular Tech Stocks To Consider

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

Number of Hedge Fund Holders: 74

Canaccord analyst Michael Walkley recently reiterated a Buy rating on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stock with a price target of $330, noting that the recent pullback in share price of the firm had created a compelling entry point for “long-term oriented” investors. The analyst also lauded CrowdStrike Holdings, Inc. (NASDAQ:CRWD) as a foundational name in the cybersecurity business, backing the firm to perform well in 2022 given the “defensible technology moat and accelerating platform uptake”. 

The bullish analyst sentiment around CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is reflected in hedge fund data too. Among 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.”