1,896 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,896 shares of the company’s stock, valued at approximately $649,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CRWD. Union Bancaire Privee UBP SA acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $122,000. World Equity Group Inc. raised its stake in shares of CrowdStrike by 1.9% during the 4th quarter. World Equity Group Inc. now owns 2,408 shares of the company’s stock worth $824,000 after buying an additional 45 shares during the period. Delta Financial Group Inc. acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $336,000. Ascent Wealth Partners LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $1,547,000. Finally, Elwood & Goetz Wealth Advisory Group LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $232,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CRWD shares. Scotiabank reaffirmed a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Barclays increased their price objective on CrowdStrike from $372.00 to $506.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. KeyCorp increased their price objective on CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Needham & Company LLC increased their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, BMO Capital Markets increased their price objective on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $389.50.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $349.34, for a total value of $2,183,375.00. Following the sale, the director now directly owns 809,266 shares in the company, valued at $282,708,984.44. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,565 shares of company stock valued at $40,570,629. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $389.66 on Friday. The stock has a 50-day simple moving average of $386.94 and a 200-day simple moving average of $334.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market capitalization of $95.98 billion, a PE ratio of 764.05, a PEG ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59.

CrowdStrike 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.