Billionaire Ken Fisher is Selling These 5 Stocks

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

Number of Hedge Fund Holders: 74

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a technology company based in California, specializing in cybersecurity. Its services include endpoint security, security and IT operations, security cloud, threat intelligence, and cyber attack response solutions.

Billionaire Ken Fisher purchased 911 shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the second quarter of 2021, worth $229,000, which he sold off entirely in Q3 2021. 

Citi analyst Fatima Boolani on January 24 initiated coverage of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) with a Buy rating and a $220 price target. The analyst observed that the disaggregation of the corporate network and cyber attack surface puts CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in a solid position to seize the shift in cybersecurity spend.

Among the hedge funds monitored by Insider Monkey in Q3 2021, Matrix Capital Management is one of the leading stakeholders of CrowdStrike Holdings, Inc. (NASDAQ:CRWD), with 3 million shares worth $737.3 million. Overall, 74 hedge funds were long CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the third quarter, up from 66 funds in the preceding quarter. 

Here is what Baron Opportunity Fund has to say about CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its Q3 2021 investor letter:

“CrowdStrike, Inc. – CrowdStrike disrupted the cybersecurity market with a cloud-native endpoint protection solution, replacing the legacy anti-virus tools used to protect computers, smartphones, and the like. Today, CrowdStrike offers over 20 different modules – collecting data once and analyzing it in different ways – to protect enterprise endpoints and cloud workloads from many different types of cyber threats, and providing threat intelligence, cyber analytics, vulnerability management, and automated and people-based remediation services. CrowdStrike has a highly efficient go-to-market motion because its single, integrated, cloud-native platform enables existing and new customers to start free in-App trials at the click of a button to try out CrowdStrike’s offerings for themselves. We believe these new TAMs have enabled CrowdStrike to expand its addressable market over five times from its initial offering and should yield over 30% growth for the next several years.”

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