Nemes Rush Group LLC Has $11.45 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Nemes Rush Group LLC lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 399.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,474 shares of the company’s stock after buying an additional 26,777 shares during the period. CrowdStrike makes up about 1.4% of Nemes Rush Group LLC’s holdings, making the stock its 23rd largest holding. Nemes Rush Group LLC’s holdings in CrowdStrike were worth $11,453,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Berbice Capital Management LLC bought a new stake in CrowdStrike in the 4th quarter valued at $27,000. FPC Investment Advisory Inc. raised its position in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares in 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 valued at $28,000 after acquiring an additional 44 shares in the last quarter. Crowley Wealth Management Inc. acquired a new stake in CrowdStrike during the fourth quarter worth about $34,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $34,000. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of research analyst reports. UBS Group lowered their price objective on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Wells Fargo & Company increased their price target on CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Mizuho boosted their price objective on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Robert W. Baird lowered their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $399.62.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred 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 owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,801 shares of company stock worth $42,092,255. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CRWD stock opened at $352.58 on Tuesday. The stock has a 50-day moving average price of $388.06 and a two-hundred day moving average price of $350.16. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year 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. The stock has a market cap of $87.40 billion, a PE ratio of 691.35, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

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.