CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by OV Management LLC

OV Management LLC increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,810 shares of the company’s stock after buying an additional 159 shares during the quarter. OV Management LLC’s holdings in CrowdStrike were worth $961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA boosted its holdings in shares of CrowdStrike by 119.1% in the third quarter. Glenmede Trust Co. NA now owns 2,927 shares of the company’s stock valued at $821,000 after acquiring an additional 1,591 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in CrowdStrike by 20.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 139,602 shares of the company’s stock worth $39,154,000 after purchasing an additional 23,715 shares during the period. Cobblestone Capital Advisors LLC NY purchased a new position in shares of CrowdStrike during the 3rd quarter worth approximately $298,000. FSA Wealth Management LLC acquired a new position in CrowdStrike during the third quarter worth $57,000. Finally, Kestra Investment Management LLC purchased a new position in CrowdStrike in the third quarter worth $592,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $352.58 on Tuesday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a market cap of $87.40 billion, a PE ratio of 691.35, a P/E/G ratio of 17.86 and a beta of 1.19. The stock has a 50 day simple moving average of $388.06 and a 200-day simple moving average of $350.16. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 2,547 shares of CrowdStrike stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $365.96, for a total value of $932,100.12. Following the transaction, the insider now owns 82,071 shares in the company, valued at approximately $30,034,703.16. The trade was a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,801 shares of company stock valued at $42,092,255. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Bank of America increased their target price on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Wedbush boosted their price target on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. DA Davidson increased 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. Finally, Morgan Stanley set a $429.00 target price on shares of CrowdStrike in a research note on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $399.62.

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.