EMC Capital Management Purchases 162 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

EMC Capital Management boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,850 shares of the company’s stock after purchasing an additional 162 shares during the period. CrowdStrike comprises 0.7% of EMC Capital Management’s holdings, making the stock its 9th largest position. EMC Capital Management’s holdings in CrowdStrike were worth $1,317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRWD. Berbice Capital Management LLC acquired a new position in CrowdStrike in the 4th quarter valued at about $27,000. Fortitude Family Office LLC grew its position in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of CrowdStrike during the second quarter worth approximately $38,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike during the 3rd quarter worth approximately $28,000. Finally, Tsfg LLC increased its position in CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 0.5 %

NASDAQ CRWD opened at $398.90 on Thursday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $411.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business has a 50 day simple moving average of $360.37 and a 200 day simple moving average of $311.65. The stock has a market capitalization of $98.25 billion, a P/E ratio of 782.37, a P/E/G ratio of 20.07 and a beta of 1.14.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRWD. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Cantor Fitzgerald raised their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. CICC Research assumed coverage on CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 price target on the stock. Truist Financial lifted their price objective on CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Needham & Company LLC increased their target price on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $369.00.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the transaction, the director now directly owns 816,730 shares of the company’s stock, valued at $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were 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 directly owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock valued at $38,935,113 in the last quarter. 4.34% of the stock is currently owned by company 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.