Clare Market Investments LLC Invests $1.90 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Clare Market Investments LLC acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,549 shares of the company’s stock, valued at approximately $1,899,000.

A number of other large investors also recently modified their holdings of CRWD. Jennison Associates LLC raised its holdings in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after buying an additional 712,900 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter valued at about $237,375,000. Amundi raised its holdings in shares of CrowdStrike by 41.9% during the 4th quarter. Amundi now owns 1,382,952 shares of the company’s stock valued at $496,093,000 after buying an additional 408,190 shares during the period. Finally, State Street Corp raised its holdings in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO George Kurtz sold 18,071 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the sale, the chief executive officer now directly owns 2,159,935 shares in the company, valued at $776,928,619.50. This represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,315 shares of company stock worth $38,387,254. Company insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 4.1 %

CRWD stock opened at $333.50 on Monday. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The firm has a market cap of $82.14 billion, a P/E ratio of 653.93, a P/E/G ratio of 17.86 and a beta of 1.19. The business’s 50 day moving average is $387.07 and its 200-day moving average is $339.51. 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 equities research analysts have weighed in on CRWD shares. Evercore ISI raised their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Piper Sandler lifted their target price on CrowdStrike from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. DA Davidson raised their price target on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Canaccord Genuity Group raised their price target on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, Bank of America raised their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $400.10.

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.