CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Nemes Rush Group LLC

Nemes Rush Group LLC increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 399.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,474 shares of the company’s stock after acquiring an additional 26,777 shares during the period. CrowdStrike makes up approximately 1.4% of Nemes Rush Group LLC’s investment portfolio, making the stock its 23rd biggest position. Nemes Rush Group LLC’s holdings in CrowdStrike were worth $11,453,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CRWD. Berbice Capital Management LLC purchased a new position in CrowdStrike during the 4th quarter valued at about $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 purchasing an additional 73 shares during the period. 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 worth $28,000 after acquiring an additional 44 shares during the period. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the 4th quarter worth about $34,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Wells Fargo & Company lifted their target price on shares of CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Needham & Company LLC reissued a “buy” rating and issued a $420.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Piper Sandler set a $347.00 price objective on CrowdStrike in a report on Wednesday, March 5th. Finally, Canaccord Genuity Group increased their target price on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $399.62.

CrowdStrike Trading Down 1.3 %

Shares of CRWD stock opened at $352.58 on Tuesday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The firm’s 50 day moving average price is $388.06 and its two-hundred day moving average price is $350.16. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $87.40 billion, a price-to-earnings ratio of 691.35, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the sale, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s 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 completion of the sale, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,801 shares of company stock valued at $42,092,255. Insiders own 4.34% of the company’s stock.

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.