Soros Fund Management LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Soros Fund Management LLC purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, Holdings Channel reports. The firm purchased 35,278 shares of the company’s stock, valued at approximately $9,894,000.

Other hedge funds have also modified their holdings of the company. Sphera Funds Management LTD. acquired a new stake in CrowdStrike during the 3rd quarter valued at $3,046,000. State Street Corp lifted its position in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of CrowdStrike during the third quarter valued at $1,811,000. SWAN Capital LLC purchased a new stake in CrowdStrike during the 3rd quarter worth about $63,000. Finally, Quantinno Capital Management LP raised its stake in CrowdStrike by 86.8% in the 3rd quarter. Quantinno Capital Management LP now owns 21,153 shares of the company’s stock valued at $5,933,000 after purchasing an additional 9,832 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. BNP Paribas began coverage on CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price objective on the stock. BMO Capital Markets boosted their target price on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Royal Bank of Canada cut their price target on shares of CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Finally, Citigroup boosted their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $355.80.

CrowdStrike Trading Up 0.2 %

Shares of CrowdStrike stock opened at $364.84 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $321.32 and a 200-day simple moving average of $313.67. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The firm has a market cap of $89.43 billion, a price-to-earnings ratio of 715.39, a price-to-earnings-growth ratio of 18.78 and a beta of 1.11.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the sale, the director now directly owns 821,766 shares in the company, valued at approximately $263,277,391.08. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,498 shares of company stock valued at $45,116,385 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.