Reddit’s WallStreetBets is Buying These 5 Stocks for 2024

3. Crowdstrike Holdings Inc (NASDAQ:CRWD)

Number of Hedge Fund Investors: 69

Crowdstrike Holdings Inc (NASDAQ:CRWD)  ranks 3rd in our list of the best Reddit stocks for 2024 WallStreetBets is piling into.

Susquehanna recently started covering the broader cybersecurity software sector with bullish ratings and talked about several stocks in the space. Crowdstrike Holdings Inc (NASDAQ:CRWD) was one of these stocks. The firm said companies are expected to keep increasing cybersec budgets and spending due to increasing threats to their data.

ClearBridge Multi Cap Growth Strategy made the following comment about CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its third 2023 investor letter:

“While the Strategy continued to trail the benchmark in the third quarter, the performance gap narrowed due to improvement among our information technology (IT) holdings, notably cyber security software maker CrowdStrike Holdings, Inc. (NASDAQ:CRWD). A lower average market capitalization versus the benchmark, however, remained a headwind as small and mid-cap companies have been more impacted than large caps by tightening liquidity.”