SBI Securities Co. Ltd. Makes New $11.34 Million Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SBI Securities Co. Ltd. bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,148 shares of the company’s stock, valued at approximately $11,342,000.

Other hedge funds also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new stake in CrowdStrike in the 4th quarter valued at about $27,000. Fortitude Family Office LLC increased its position in shares of CrowdStrike by 112.8% during 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 during the last quarter. FPC Investment Advisory Inc. lifted its holdings in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC purchased a new position in CrowdStrike in the fourth quarter worth $34,000. Finally, Princeton Global Asset Management LLC grew its stake in CrowdStrike by 240.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 136 shares of the company’s stock valued at $38,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 18,071 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the transaction, the chief executive officer now directly owns 2,159,935 shares in the company, valued at $776,928,619.50. This trade represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,565 shares of company stock valued at $40,570,629 in the last quarter. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $389.66 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The business has a 50 day moving average price of $386.94 and a 200-day moving average price of $335.50. The firm has a market cap of $95.98 billion, a PE ratio of 764.05, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16.

Analyst Ratings Changes

Several analysts have commented on CRWD shares. Wells Fargo & Company lifted their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Evercore ISI lifted their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. JPMorgan Chase & Co. increased their price objective on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a report on Friday. Mizuho boosted their target price on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group increased their price target on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $389.50.

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.