Discovery Capital Management LLC CT Acquires 2,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Discovery Capital Management LLC CT raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 35,300 shares of the company’s stock after buying an additional 2,000 shares during the period. Discovery Capital Management LLC CT’s holdings in CrowdStrike were worth $12,078,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OV Management LLC grew its holdings in shares of CrowdStrike by 6.0% in the fourth quarter. OV Management LLC now owns 2,810 shares of the company’s stock valued at $961,000 after acquiring an additional 159 shares in the last quarter. Centric Wealth Management bought a new position in CrowdStrike in the 4th quarter worth about $1,470,000. Boston Family Office LLC grew its stake in CrowdStrike by 4.7% during the fourth quarter. Boston Family Office LLC now owns 2,385 shares of the company’s stock valued at $816,000 after acquiring an additional 107 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after buying an additional 124,984 shares in the last quarter. Finally, Nemes Rush Group LLC boosted its position in shares of CrowdStrike by 399.8% during the 4th quarter. Nemes Rush Group LLC now owns 33,474 shares of the company’s stock valued at $11,453,000 after acquiring an additional 26,777 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,141 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $371.79, for a total transaction of $796,002.39. Following the completion of the sale, the chief accounting officer now directly owns 34,024 shares of the company’s stock, valued at approximately $12,649,782.96. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,801 shares of company stock valued at $42,092,255 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several research reports. Bank of America upped their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Evercore ISI raised their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Morgan Stanley set a $429.00 target price on shares of CrowdStrike in a research note on Tuesday, March 18th. Royal Bank of Canada reiterated an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Stifel Nicolaus reduced their price target on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $399.62.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $352.58 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The business has a 50 day simple moving average of $388.06 and a 200-day simple moving average of $350.16. The company has a market capitalization of $87.40 billion, a price-to-earnings ratio of 691.35, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

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.