Graham Capital Management L.P. Purchases 6,600 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Graham Capital Management L.P. lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.3% during the fourth quarter, Holdings Channel reports. The firm owned 42,709 shares of the company’s stock after acquiring an additional 6,600 shares during the period. Graham Capital Management L.P.’s holdings in CrowdStrike were worth $14,613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CRWD. Fulton Bank N.A. increased its position in shares of CrowdStrike by 3.2% during the fourth quarter. Fulton Bank N.A. now owns 2,211 shares of the company’s stock valued at $757,000 after acquiring an additional 68 shares during the last quarter. Fortitude Family Office LLC raised its stake in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the period. ORG Partners LLC grew its position in CrowdStrike by 811.7% during the fourth quarter. ORG Partners LLC now owns 2,498 shares of the company’s stock valued at $855,000 after buying an additional 2,224 shares during the period. CCM Investment Advisers LLC increased its holdings in CrowdStrike by 31.5% during the fourth quarter. CCM Investment Advisers LLC now owns 34,043 shares of the company’s stock worth $11,648,000 after buying an additional 8,160 shares during the last quarter. Finally, HBW Advisory Services LLC raised its position in CrowdStrike by 42.3% in the fourth quarter. HBW Advisory Services LLC now owns 1,456 shares of the company’s stock worth $498,000 after acquiring an additional 433 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 4.2 %

Shares of CRWD stock opened at $410.73 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business has a 50-day moving average of $376.01 and a 200 day moving average of $369.70. The stock has a market capitalization of $101.81 billion, a PE ratio of 805.37, a P/E/G ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59.

Insider Activity

In other news, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the completion of the sale, the director now directly owns 780,592 shares in the company, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,556 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly owns 2,192,610 shares in the company, valued at $981,280,679.40. The trade was a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 206,551 shares of company stock valued at $83,604,814. 4.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CRWD shares. UBS Group decreased their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Jefferies Financial Group reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Wednesday. KeyCorp decreased their price objective on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Robert W. Baird dropped their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Stephens began coverage on shares of CrowdStrike in a research note on Tuesday, April 1st. They issued an “overweight” rating and a $450.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $403.20.

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.