Fortem Financial Group LLC Has $574,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fortem Financial Group LLC lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,677 shares of the company’s stock after buying an additional 50 shares during the period. Fortem Financial Group LLC’s holdings in CrowdStrike were worth $574,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Jennison Associates LLC raised its holdings in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. International Assets Investment Management LLC boosted its stake in shares of CrowdStrike by 17,926.3% during the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after acquiring an additional 920,695 shares during the period. Daiwa Securities Group Inc. raised its stake in CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after acquiring an additional 712,900 shares during the period. Assenagon Asset Management S.A. lifted its holdings in CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after purchasing an additional 371,695 shares during the last quarter. Finally, State Street Corp boosted its position in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 1.8 %

Shares of CrowdStrike stock traded up $6.48 on Monday, hitting $365.50. 2,008,890 shares of the company traded hands, compared to its average volume of 2,415,637. The stock’s 50 day moving average price is $346.72 and its 200-day moving average price is $313.85. The company has a market cap of $90.03 billion, a PE ratio of 716.68, a PEG ratio of 19.48 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

A number of brokerages recently commented on CRWD. Robert W. Baird upped their price target on shares of CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Rosenblatt Securities increased their price objective on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Barclays boosted their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Cantor Fitzgerald raised their price target on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $365.63.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the sale, the insider now directly owns 124,298 shares in the company, valued at approximately $38,455,315.24. The trade was a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,601 shares of company stock valued at $40,755,368. 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.