SCS Capital Management LLC purchased a new stake in CrowdStrike (NASDAQ:CRWD – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,855 shares of the company’s stock, valued at approximately $2,064,000.
Other hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC bought a new position in CrowdStrike in the 1st quarter worth about $25,000. Vision Financial Markets LLC purchased a new position in shares of CrowdStrike in the first quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC grew its position in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after acquiring an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after buying an additional 58 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in shares of CrowdStrike in the first quarter worth $30,000. Institutional investors own 71.16% of the company’s stock.
CrowdStrike Stock Performance
CRWD opened at $423.51 on Wednesday. The firm’s 50-day moving average price is $450.57 and its 200-day moving average price is $426.27. The company has a market cap of $106.28 billion, a P/E ratio of -355.89, a price-to-earnings-growth ratio of 133.97 and a beta of 1.12. CrowdStrike has a 52-week low of $242.25 and a 52-week high of $517.98. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Evercore ISI dropped their price target on CrowdStrike from $425.00 to $405.00 and set an “in-line” rating for the company in a research note on Thursday, August 28th. Stephens increased their target price on CrowdStrike from $450.00 to $540.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Jefferies Financial Group lowered their target price on CrowdStrike from $530.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, August 28th. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research report on Thursday, August 28th. Finally, Zacks Research upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nineteen have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $460.10.
Check Out Our Latest Stock Analysis on CRWD
Insiders Place Their Bets
In other CrowdStrike news, Director Roxanne S. Austin sold 9,447 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares of the company’s stock, valued at $9,667,553.70. This trade represents a 33.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the sale, the director directly owned 768,511 shares of the company’s stock, valued at $315,335,433.52. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,734 shares of company stock worth $72,162,728. 3.32% of the stock is currently owned by company insiders.
CrowdStrike Company Profile
CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.
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