CrowdStrike Is One of My Largest Holdings and Trading Near Its All-Time High. Here's Why I'm Not Buying More Shares Right Now.
The timing of an investment matters, even for great companies.
CrowdStrike, a cybersecurity company, has had a remarkable year with its stock increasing by 85% year to date, making it one of the most valuable public companies with a market cap of over $220 billion. As an investor, the author has found CrowdStrike to be one of their best investments since its June 2019 initial public offering.
However, despite its impressive performance, the author is currently not planning to buy more shares. The reason for this decision lies in the company's valuation. Recent quarterly results have been impressive, with the company setting records for cash flow from operations ($591 million) and free cash flow ($468 million).
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