Northeast Investment Management Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Northeast Investment Management acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,809 shares of the company’s stock, valued at approximately $619,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Empirical Asset Management LLC acquired a new stake in CrowdStrike during the fourth quarter worth approximately $11,310,000. Beacon Financial Advisory LLC acquired a new stake in CrowdStrike during the 3rd quarter worth approximately $955,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after purchasing an additional 78,305 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after buying an additional 2,863 shares in the last quarter. Finally, Hemenway Trust Co LLC increased its position in CrowdStrike by 356.8% during the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after buying an additional 5,352 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. This represents a 41.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction that occurred 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 transaction, the president now directly owns 389,589 shares in the company, valued at approximately $139,655,968.83. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 111,565 shares of company stock valued at $39,898,614 over the last three months. 4.34% of the stock is owned by company insiders.

CrowdStrike Trading Up 0.3 %

Shares of CRWD stock opened at $421.59 on Friday. 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’s 50-day moving average price is $368.52 and its 200-day moving average price is $315.96. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $431.33. The stock has a market capitalization of $103.84 billion, a price-to-earnings ratio of 826.66, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16.

Analysts Set New Price Targets

CRWD has been the subject of several analyst reports. Bank of America lifted their price objective on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Truist Financial upped their price objective on shares of CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Morgan Stanley raised their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Wedbush set a $330.00 price target on shares of CrowdStrike in a report on Thursday, October 17th. Finally, Cantor Fitzgerald lifted their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $370.00.

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.