Top 5 Tech Stocks to Buy According to Billionaire Louis Bacon

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

Moore Capital Investment’s Stake Value: $77 million

Percentage of Moore Capital Investment’s 13F Portfolio: 2.04%

Number of Hedge Fund Holders: 77

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a cloud security firm that offers its customers products such as threat intelligence, threat hunting, and identity protection. It is headquartered in Austin, Texas.

As this year’s second quarter ended, Moore Capital Investment had owned a $77 million stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) which represented 2.04% of its portfolio holdings. For the same time period, 77 out of the 895 hedge funds part of Insider Monkey’s poll had also owned CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s shares.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s fiscal year 2022 saw the company bring in $1.5 billion in revenue which represented a strong 77% annual growth rate. It continued this growth in its current fiscal year, with the first half revenue standing in at $2.1 billion to mark 59% annual growth.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s largest investor in our database of 895 hedge funds is Chase Coleman and Feroz Dewan’s Tiger Global Management LLC which owns 6.5 million shares that are worth $1.1 billion.

Carillon Tower Advisers mentioned the company in its Q2 2022 investor letter. Here is what the fund said:

“CrowdStrike Holdings, Inc. (NASDAQ:CRWD), a security software platform for protecting information technology assets and cloud workloads, delivered strong earnings results, with solid recurring revenue, customer growth, and profitability. Some investors, however, hoped for bigger numbers on the annual recurring revenue metric. Additionally, CrowdStrike has shown a desire to continue to hire to fuel growth, and so the expected increase in future profitability will be held back somewhat in the near term. We remain positive on the company’s prospects, as current geopolitical tensions make cyber security mission-critical.”

Disclosure: None. You can also take a look at 10 Best Ethanol Stocks To Buy Now and 10 Best Cheap Technology Stocks To Buy.

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