Berkshire Capital Holdings Inc. Acquires 23,720 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Berkshire Capital Holdings Inc. lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 237,200.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,730 shares of the company’s stock after purchasing an additional 23,720 shares during the period. CrowdStrike comprises approximately 2.9% of Berkshire Capital Holdings Inc.’s investment portfolio, making the stock its 20th largest holding. Berkshire Capital Holdings Inc.’s holdings in CrowdStrike were worth $8,119,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth $27,000. Fortitude Family Office LLC raised its stake in CrowdStrike by 112.8% in the 4th 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 period. FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC bought a new stake in CrowdStrike in the 4th quarter valued at about $34,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in CrowdStrike in the 4th quarter valued at about $42,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $375.05 on Thursday. 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 stock has a 50 day moving average price of $386.06 and a two-hundred day moving average price of $343.34. The company has a market capitalization of $92.96 billion, a P/E ratio of 735.41, a PEG ratio of 17.86 and a beta of 1.19.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Jefferies Financial Group lowered their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. KeyCorp lowered their price objective on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. UBS Group lowered their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Truist Financial lifted their target price on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $399.51.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurtz sold 18,071 shares of the company’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 owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,315 shares of company stock worth $38,319,124. 4.34% of the stock is currently owned by insiders.

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.