2,817 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Purchased by Somerville Kurt F

Somerville Kurt F purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,817 shares of the company’s stock, valued at approximately $964,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRWD. Berbice Capital Management LLC bought a new stake in CrowdStrike during the 4th quarter valued at about $27,000. Fortitude Family Office LLC raised its holdings in shares of CrowdStrike by 112.8% in the fourth 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. FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at $34,000. Finally, Crowley Wealth Management Inc. purchased a new position in CrowdStrike during the 4th quarter worth $34,000. 71.16% of the stock is owned by institutional investors.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the transaction, the insider now owns 98,214 shares of the company’s stock, valued at $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 114,551 shares of company stock worth $43,527,642 over the last 90 days. Company insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CRWD. JPMorgan Chase & Co. upped their target price on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Raymond James cut shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research note on Monday, March 10th. Finally, Wells Fargo & Company increased their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $400.88.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $347.39 on Friday. The stock has a 50 day simple moving average of $387.24 and a 200-day simple moving average of $351.01. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a market cap of $86.11 billion, a price-to-earnings ratio of 681.17, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.