Jim Cramer Discusses These 11 Stocks & Says There’ll Be A “Good Reason To Buy Stocks” Soon

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

Number of Hedge Fund Holders In Q4 2024: 77

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a software-as-a-service (SaaS) company that operates in the cybersecurity industry. Over the course of the past twelve months, the firm has navigated through a massive selloff that occurred in July after a software misconfiguration bricked millions of computers worldwide. Cramer’s recent remarks about CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have commented on the firm’s recent report about North Koreans masquerading as US employees. Here are his latest thoughts:

“We bought some this morning. And we sold a lot between four hundred and four fifty. Geroge Kurtz did a magnificent job. And I think there’s a lot people that are being very short-sighted. I think that the cash flow is much better than people realize. I think that the orders are much better than people realize. I think that this is a momentum stock that’s pausing. And you have to buy momentum stocks when they pause. And the people who are selling it right now will certainly regret what they’re doing.”

“By the way, I think that the algorithms drove a lot of Crowdstrike last night. They didn’t understand you had add back 90 cents. I mean they just, they don’t do it. You have to like look at, I mean look at the income statement and I’m expending like waiting for the President to talk which was about forty minutes. And I finally got through the income statement. Because there’s just a lot of different adjustments. And the machines can’t adjust.”