Stonekeep Investments LLC Purchases New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Stonekeep Investments LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 645 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Howard Financial Services LTD. raised its position in shares of CrowdStrike by 23.9% during the fourth quarter. Howard Financial Services LTD. now owns 2,065 shares of the company’s stock worth $707,000 after acquiring an additional 398 shares during the last quarter. Lake Street Private Wealth LLC increased its position in CrowdStrike by 2.7% during the 4th quarter. Lake Street Private Wealth LLC now owns 15,450 shares of the company’s stock valued at $5,286,000 after purchasing an additional 413 shares during the period. Arthur M. Cohen & Associates LLC raised its holdings in CrowdStrike by 10.9% during the 4th quarter. Arthur M. Cohen & Associates LLC now owns 18,438 shares of the company’s stock worth $6,309,000 after purchasing an additional 1,811 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of CrowdStrike by 3.6% in the 4th quarter. Brooklyn Investment Group now owns 1,604 shares of the company’s stock worth $549,000 after purchasing an additional 55 shares during the period. Finally, Merit Financial Group LLC increased its position in shares of CrowdStrike by 192.4% during the fourth quarter. Merit Financial Group LLC now owns 3,371 shares of the company’s stock worth $1,153,000 after buying an additional 2,218 shares during the period. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on CRWD shares. Evercore ISI upped their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Piper Sandler upped their target price on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Wedbush set a $330.00 price target on CrowdStrike in a research note on Thursday, October 17th. Morgan Stanley raised their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Needham & Company LLC raised their price target on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $366.38.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $357.00 on Friday. The company has a 50-day moving average price of $355.86 and a two-hundred day moving average price of $312.92. The firm has a market capitalization of $87.93 billion, a PE ratio of 700.01, a P/E/G ratio of 18.55 and a beta of 1.14. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the transaction, the insider now directly owns 98,214 shares in the company, valued at $34,857,130.74. The trade was a 3.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the transaction, the director now owns 811,842 shares in the company, valued at $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock valued at $38,935,113 over the last three months. Company insiders own 4.34% of the company’s stock.

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.