ZEGA Investments LLC Invests $442,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

ZEGA Investments LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, Holdings Channel.com reports. The fund purchased 1,180 shares of the company’s stock, valued at approximately $442,000.

Several other institutional investors have also bought and sold shares of CRWD. State Street Corp lifted its position 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 last quarter. Jennison Associates LLC increased its stake in shares of CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after purchasing an additional 352,180 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CrowdStrike by 2.0% in the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after purchasing an additional 97,990 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of CrowdStrike by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock valued at $440,461,000 after buying an additional 171,861 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in CrowdStrike by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,419,075 shares of the company’s stock worth $485,551,000 after buying an additional 64,581 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $362.24 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The firm’s 50-day moving average is $386.53 and its 200 day moving average is $344.11. The stock has a market cap of $89.79 billion, a price-to-earnings ratio of 710.29, a PEG ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Buying and Selling

In related news, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 2,159,935 shares in the company, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,315 shares of company stock worth $38,319,124. 4.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CRWD. DA Davidson boosted their price objective on CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Raymond James cut shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Piper Sandler set a $347.00 price objective on CrowdStrike in a report on Wednesday, March 5th. Rosenblatt Securities reissued a “buy” rating and issued a $450.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Wedbush increased their price objective on CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $399.51.

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.