Cache Advisors LLC Buys Shares of 4,846 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cache Advisors LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,846 shares of the company's stock, valued at approximately $1,658,000.

Several other large investors have also recently modified their holdings of CRWD. Berbice Capital Management LLC purchased a new position in CrowdStrike in the fourth quarter worth about $27,000. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in CrowdStrike in the 4th quarter worth approximately $34,000. Crowley Wealth Management Inc. bought a new position in CrowdStrike in the 4th quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC purchased a new stake in CrowdStrike during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CRWD. Jefferies Financial Group restated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, May 7th. Piper Sandler set a $347.00 target price on CrowdStrike in a research report on Wednesday, March 5th. 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 report on Monday, March 31st. Baird R W cut shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Robert W. Baird dropped their target price on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $404.43.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares of the company's stock, valued at $12,969,492.30. This trade represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the transaction, the chief executive officer now directly owns 2,192,610 shares of the company's stock, valued at $981,280,679.40. This trade represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,431 shares of company stock worth $74,472,548 over the last three months. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Stock Down 0.8%

NASDAQ CRWD traded down $3.55 on Wednesday, reaching $468.67. 1,483,294 shares of the stock traded hands, compared to its average volume of 5,112,457. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $474.41. The company has a market cap of $116.17 billion, a price-to-earnings ratio of 917.58, a PEG ratio of 17.86 and a beta of 1.22. The company has a fifty day moving average price of $398.71 and a 200-day moving average price of $381.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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.