Quantessence Capital LLC Buys New Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Quantessence Capital LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,274 shares of the company’s stock, valued at approximately $436,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Resource Group grew its position in CrowdStrike by 37.9% in the 3rd quarter. Advisory Resource Group now owns 4,025 shares of the company’s stock valued at $1,129,000 after purchasing an additional 1,106 shares during the period. Westside Investment Management Inc. grew its holdings in shares of CrowdStrike by 44.7% during the third quarter. Westside Investment Management Inc. now owns 4,988 shares of the company’s stock valued at $1,397,000 after buying an additional 1,542 shares during the last quarter. SOA Wealth Advisors LLC. increased its position in shares of CrowdStrike by 25.5% during the third quarter. SOA Wealth Advisors LLC. now owns 241 shares of the company’s stock worth $68,000 after acquiring an additional 49 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its position in shares of CrowdStrike by 6.5% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 3,865 shares of the company’s stock worth $1,084,000 after acquiring an additional 236 shares in the last quarter. Finally, World Investment Advisors LLC raised its holdings in shares of CrowdStrike by 24.7% in the 3rd quarter. World Investment Advisors LLC now owns 2,514 shares of the company’s stock worth $705,000 after acquiring an additional 498 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CRWD. Canaccord Genuity Group boosted their price objective on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Royal Bank of Canada reiterated an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Susquehanna raised their price objective on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research note on Wednesday, March 5th. Wedbush upped their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Finally, Truist Financial dropped their price target on shares of CrowdStrike from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $400.53.

CrowdStrike Price Performance

CrowdStrike stock opened at $368.45 on Wednesday. The stock has a market cap of $91.33 billion, a price-to-earnings ratio of 722.47, a PEG ratio of 17.86 and a beta of 1.28. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $372.64 and a 200 day simple moving average of $359.37. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated 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 sale, the insider now 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,375 shares of company stock worth $46,197,236. 4.34% of the stock is currently owned by insiders.

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.