ZEGA Investments LLC Buys Shares of 1,180 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

ZEGA Investments LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,180 shares of the company’s stock, valued at approximately $442,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRWD. Millstone Evans Group LLC bought a new stake in CrowdStrike during the fourth quarter worth $34,000. Mindset Wealth Management LLC raised its holdings in shares of CrowdStrike by 30.9% during the 4th quarter. Mindset Wealth Management LLC now owns 1,644 shares of the company’s stock worth $563,000 after buying an additional 388 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of CrowdStrike by 30.5% during the 4th quarter. TD Private Client Wealth LLC now owns 851 shares of the company’s stock worth $291,000 after buying an additional 199 shares during the last quarter. Loudon Investment Management LLC acquired a new stake in CrowdStrike in the fourth quarter valued at about $231,000. Finally, AllSquare Wealth Management LLC grew its position in CrowdStrike by 88.5% in the fourth quarter. AllSquare Wealth Management LLC now owns 213 shares of the company’s stock valued at $73,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Mizuho raised their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Oppenheimer raised their price objective on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Hsbc Global Res cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.51.

CrowdStrike Trading Down 1.8 %

Shares of CrowdStrike stock opened at $362.24 on Friday. The company has a market capitalization of $89.79 billion, a P/E ratio of 710.29, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock has a fifty day simple moving average of $386.53 and a 200 day simple moving average of $344.11. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the sale, the president now directly owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares in the company, valued at approximately $31,669,042. This represents a 4.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock valued at $38,319,124 in the last three months. 4.34% of the stock is currently owned by insiders.

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.