10 Best Growth Stocks to Buy According to Billionaires

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

3-Years Sales Growth: 39.65%

Number of Hedge Fund Holders: 77

Number of Billionaires: 15

Value of Billionaire Holdings: $628,831,025

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is an international cyber security company that provides solutions to protect endpoints, cloud workloads, and data. One of its flagship products includes the Falcon platform which uses advanced artificial intelligence technologies to stop breaches.

On March 25, J.P. Morgan analyst Brian Essex maintained a bullish stance on the stock. The analyst highlighted that he is optimistic about the company’s ability to generate annualized recurring revenue. The ARR is expected to accelerate as the company completes its cost-cutting measures, which were cheaper than expected. Moreover, Essex also noted that the Falcon platform is proving to be a key driver of growth as the company signs large deals with increased customer commitments.

During the fiscal fourth quarter of 2024, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) reported growing its ARR by 23% year-over-year to reach $4.24 billion, notably around $224 million was added to this number in the fourth quarter alone. The growth was driven by an increased adoption rate for its modules. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the best growth stocks to buy according to billionaires.

TimesSquare Capital Management U.S. Focus Growth Strategy stated the following regarding CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its Q4 2024 investor letter:

“Among the wide variety of Information Technology companies, we prefer critical system providers, specialized component designers, systems that improve productivity or efficiency for their clients, and others that are growing their shares of corporate IT budgets. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cybersecurity solutions. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company delivered solid fiscal third quarter results that exceeded the high end of guidance and boosted its share price by 22%. Notably, there was resilient gross revenue retention that highlights CrowdStrike’s best in class product offering. New business win rates remained consistent and trending upwards. Following its mid-July outage, many customers have upgraded to the Falcon Flex program, which enables them to adopt a broader product offering.”