Savoie Capital LLC Purchases Shares of 3,006 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Savoie Capital LLC acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the third quarter, HoldingsChannel reports. The firm acquired 3,006 shares of the company’s stock, valued at approximately $843,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arlington Financial Advisors LLC raised its holdings in CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after acquiring an additional 30 shares during the period. Sunpointe LLC lifted its position in shares of CrowdStrike by 3.1% during the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after purchasing an additional 34 shares during the last quarter. Hilltop Holdings Inc. grew its holdings in CrowdStrike by 1.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after buying an additional 34 shares during the last quarter. Means Investment CO. Inc. lifted its holdings in shares of CrowdStrike by 1.8% during the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after buying an additional 35 shares during the last quarter. Finally, Interchange Capital Partners LLC grew its stake in shares of CrowdStrike by 1.1% in the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock worth $1,036,000 after acquiring an additional 39 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total value of $2,183,375.00. Following the completion of the transaction, the director now directly owns 809,266 shares of the company’s stock, valued at approximately $282,708,984.44. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 144,498 shares of company stock worth $45,116,385. 4.34% of the stock is owned by company insiders.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $353.60 on Tuesday. The firm has a market cap of $87.10 billion, a price-to-earnings ratio of 693.33, a price-to-earnings-growth ratio of 19.63 and a beta of 1.11. The stock has a fifty day simple moving average of $324.38 and a two-hundred day simple moving average of $313.39. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Evercore ISI upped their target price on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Jefferies Financial Group raised their price objective on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Royal Bank of Canada lowered their target price on shares of CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. BMO Capital Markets lifted their price objective on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $355.80.

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.