CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Summit X LLC

Summit X LLC increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 939.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,423 shares of the company’s stock after purchasing an additional 6,709 shares during the quarter. Summit X LLC’s holdings in CrowdStrike were worth $2,539,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings 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 purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC raised its holdings in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CrowdStrike by 2.0% in the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after acquiring an additional 97,990 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of CrowdStrike by 12.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock worth $440,461,000 after acquiring an additional 171,861 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of CrowdStrike by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,419,075 shares of the company’s stock worth $485,551,000 after acquiring an additional 64,581 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CRWD. Morgan Stanley reissued an “overweight” rating on shares of CrowdStrike in a report on Monday. Wells Fargo & Company boosted their price target on CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Barclays cut their price target on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Susquehanna boosted their price target on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, March 5th. Finally, CICC Research began coverage on CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target for the company. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $398.78.

CrowdStrike Trading Up 6.8 %

Shares of NASDAQ:CRWD opened at $329.75 on Wednesday. The company has a 50 day moving average price of $386.01 and a 200 day moving average price of $340.21. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market capitalization of $81.22 billion, a price-to-earnings ratio of 646.58, a PEG ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the sale, the president now owns 389,589 shares of the company’s stock, valued at $139,655,968.83. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,315 shares of company stock valued at $38,387,254. Company insiders own 4.34% of the company’s stock.

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.