Science & Technology Partners L.P. Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Science & Technology Partners L.P. bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 39,250 shares of the company’s stock, valued at approximately $13,430,000. CrowdStrike comprises about 4.1% of Science & Technology Partners L.P.’s portfolio, making the stock its 14th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of CRWD. Berbice Capital Management LLC bought a new stake in CrowdStrike during the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. raised its holdings in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares during the last quarter. Fortitude Family Office LLC raised its holdings in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in CrowdStrike during the 4th quarter valued at $34,000. Finally, Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth $34,000. 71.16% of the stock is currently owned by institutional investors.

Insider Activity at CrowdStrike

In related news, Director Johanna Flower sold 2,974 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $362.48, for a total transaction of $1,078,015.52. Following the sale, the director now owns 82,875 shares in the company, valued at approximately $30,040,530. This represents a 3.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the transaction, the director now directly owns 805,592 shares of the company’s stock, valued at $332,218,084.88. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,375 shares of company stock valued at $46,197,236. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CRWD stock opened at $386.07 on Thursday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The firm has a market capitalization of $95.70 billion, a P/E ratio of 757.02, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The company has a fifty day simple moving average of $371.32 and a two-hundred day simple moving average of $359.55. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRWD. Evercore ISI upped their price target on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Roth Capital assumed coverage on shares of CrowdStrike in a report on Wednesday. They set a “buy” rating and a $410.00 price objective for the company. UBS Group dropped their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Finally, Stephens initiated coverage on shares of CrowdStrike in a research note on Tuesday, April 1st. They set an “overweight” rating and a $450.00 target price for the company. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.76.

CrowdStrike 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.