Tiger Global’s Top 5 Stocks Picks and Performance

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In this article, we discuss Tiger Global’s top 5 stocks picks and performance. If you want to read our detailed analysis of Tiger Global’s founder Chase Coleman’s history and hedge fund performance, go directly to Tiger Global’s Top 10 Stocks Picks and Performance.

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

Coleman’s Stake Value: $1,375,578,000
Percentage of Chase Coleman’s 13F Portfolio: 3.16%
Number of Hedge Fund Holders: 77

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) is an American cybersecurity technology company. The company was incorporated in 2011 and is ranked fifth on the list of Tiger Global’s top 10 stocks picks. CrowdStrike shares have gained about 121.65% in value over the last 12 months. The stock is up 44.76% since March 31.

On July 12, Gregg Moskowitz raised the price target on CrowdStrike Holdings, Inc. (NASDAQ: CRWD) to $295 from $255 and kept a “Buy” rating on the shares. On June 3, CrowdStrike posted earnings results for the first three months of 2021. The earnings per share was $0.10, beating market predictions by $0.04. The revenue over the period was $302.84 million, beating the estimates by $11.07 million. The company has set its second-quarter revenue guidance to $318.3 – $324.4 million, versus the consensus estimates of $311.56 million. The company has also set its earnings per share target of $0.07 – $0.09 vs. a consensus estimate of $0.06 during the period.

The hedge fund chaired by Chase Coleman owns more than 7 million shares in CrowdStrike Holdings, Inc. (NASDAQ: CRWD), worth $1.38 billion, representing 3.16% of their investment portfolio.

Carillon Tower Advisers, in its first quarter 2021 investor letter, mentioned CrowdStrike Holdings, Inc. (NASDAQ: CRWD). 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.”



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