NEOS Investment Management LLC Purchases 4,727 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

NEOS Investment Management LLC increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 21.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 26,343 shares of the company’s stock after acquiring an additional 4,727 shares during the quarter. NEOS Investment Management LLC’s holdings in CrowdStrike were worth $9,014,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. grew its stake in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Fortitude Family Office LLC increased its holdings in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in CrowdStrike in the fourth quarter valued at approximately $34,000. Finally, Luken Investment Analytics LLC acquired a new position in CrowdStrike in the fourth quarter valued at approximately $34,000. 71.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several research analyst reports. Barclays lowered their price objective on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $440.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Canaccord Genuity Group increased their price objective on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Bank of America raised their target price on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $400.26.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 2,547 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $365.96, for a total transaction of $932,100.12. Following the completion of the transaction, the insider now owns 82,071 shares of the company’s stock, valued at approximately $30,034,703.16. The trade was a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,801 shares of company stock valued at $42,092,255 in the last 90 days. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $371.41 on Thursday. The company’s 50 day moving average is $388.08 and its 200-day moving average is $347.22. The firm has a market cap of $92.06 billion, a P/E ratio of 728.27, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.