5 Best Security Stocks to Buy Now

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

Number of Hedge Fund Holders: 77

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) is a provider of cloud-delivered solutions for endpoint and cloud workload protection in the US and internationally. The company offers 19 cloud modules on the Falcon platform and ranks 1st on our list of the best security stocks to buy now.

This June, in light of increased consumer demand for CrowdStrike Holdings, Inc. (NASDAQ: CRWD) products and services as represented by the results of a proprietary survey, Stifel upgraded the stock from Hold to Buy. The firm has a $300 price target on the shares now, as compared to its previous $24o target.

In the fiscal first quarter of 2022, CrowdStrike Holdings, Inc. (NASDAQ: CRWD) had an EPS of $0.10, beating estimates by $0.04. The company’s revenue was $302.84 million, up 70.06% year over year and beating estimates by $11.07 million, and it has a gross profit margin of 73.86%. The stock has gained 17.91% in the past 6 months and 31.57% year to date.

As of the end of the first quarter of 2021, 77 hedge funds held stakes in CrowdStrike Holdings, Inc. (NASDAQ: CRWD), worth roughly $5.25 billion. This is compared to 92 hedge funds in the previous quarter with a total stake value of $7.24 billion.

Carillon Tower Advisers, an investment management firm, mentioned CrowdStrike Holdings, Inc. (NASDAQ: CRWD) in its first-quarter 2021 investor letter. Here’s what they 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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