Norden Group LLC Purchases 116 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Norden Group LLC grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,458 shares of the company’s stock after acquiring an additional 116 shares during the period. Norden Group LLC’s holdings in CrowdStrike were worth $499,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Berbice Capital Management LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at about $27,000. Fortitude Family Office LLC raised its stake in shares of CrowdStrike by 112.8% during the fourth 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 last quarter. FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC bought a new position in CrowdStrike in the fourth quarter worth about $34,000. Finally, Princeton Global Asset Management LLC raised its stake in CrowdStrike by 240.0% in the third quarter. Princeton Global Asset Management LLC now owns 136 shares of the company’s stock worth $38,000 after buying an additional 96 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,315 shares of company stock worth $38,387,254. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CRWD shares. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. JMP Securities reissued a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Royal Bank of Canada increased their price target on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Truist Financial increased their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, Canaccord Genuity Group increased their price target on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $391.75.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $382.73 on Tuesday. 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 company has a market cap of $94.27 billion, a P/E ratio of 750.47, a P/E/G ratio of 17.86 and a beta of 1.16. The firm’s fifty day moving average is $387.36 and its two-hundred day moving average is $336.92. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59.

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.