Concentric Capital Strategies LP Makes New $2.16 Million Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Concentric Capital Strategies LP bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,322 shares of the company's stock, valued at approximately $2,163,000.

Several other hedge funds also recently modified their holdings of the business. Berbice Capital Management LLC bought a new position in CrowdStrike in the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC boosted its position in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after purchasing an additional 44 shares during the last quarter. FPC Investment Advisory Inc. grew its stake in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC bought a new stake in CrowdStrike in the fourth quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. acquired a new position in CrowdStrike in the fourth quarter valued at about $34,000. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

Shares of CRWD stock traded down $17.90 during trading on Friday, reaching $410.73. 4,689,624 shares of the company's stock were exchanged, compared to its average volume of 5,092,279. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The firm's fifty day moving average price is $376.01 and its 200-day moving average price is $369.70. 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 stock has a market capitalization of $101.81 billion, a PE ratio of 805.37, a PEG ratio of 17.86 and a beta of 1.22.

Analyst Ratings Changes

CRWD has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their price target on CrowdStrike from $475.00 to $435.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Mizuho upped their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Wells Fargo & Company increased their target price on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Bank of America boosted their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, Stephens assumed coverage on CrowdStrike in a research note on Tuesday, April 1st. They set an "overweight" rating and a $450.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $403.20.

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 13,543 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $4,856,790.66. Following the transaction, the president now owns 405,308 shares in the company, valued at approximately $145,351,554.96. This represents a 3.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the sale, the director now owns 780,592 shares of the company's stock, valued at $334,194,852.96. This trade represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 206,551 shares of company stock worth $83,604,814 over the last ninety days. Insiders own 4.34% of the company's stock.

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.