Savoie Capital LLC Makes New $843,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Savoie Capital LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,006 shares of the company’s stock, valued at approximately $843,000.

A number of other institutional investors and hedge funds have also modified their holdings of CRWD. State Street Corp boosted its stake in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after buying an additional 275,717 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. Legal & General Group Plc grew its holdings in shares of CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after purchasing an additional 60,607 shares during the period. Ameriprise Financial Inc. increased its position in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after purchasing an additional 77,100 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after purchasing an additional 564,662 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 11,178 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.47, for a total transaction of $3,325,119.66. Following the completion of the transaction, the chief financial officer now owns 286,472 shares in the company, valued at approximately $85,216,825.84. This trade represents a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 144,498 shares of company stock valued at $45,116,385 over the last quarter. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 3.3 %

CrowdStrike stock opened at $353.60 on Tuesday. The firm has a market capitalization of $87.10 billion, a price-to-earnings ratio of 693.33, a price-to-earnings-growth ratio of 19.63 and a beta of 1.11. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The stock’s fifty day moving average is $324.38 and its two-hundred day moving average is $313.39. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CRWD shares. Wedbush set a $330.00 price target on shares of CrowdStrike in a report on Thursday, October 17th. Royal Bank of Canada cut their target price on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Bank of America lifted their target price on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Truist Financial raised their price objective on CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, Piper Sandler increased their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $355.80.

About CrowdStrike

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.