Cache Advisors LLC Acquires New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cache Advisors LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,846 shares of the company's stock, valued at approximately $1,658,000.

Other hedge funds have also recently made changes to their positions in the company. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the fourth quarter valued at $27,000. FPC Investment Advisory Inc. raised its stake in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after purchasing an additional 73 shares during the period. Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike during the 4th quarter valued at $34,000. Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $34,000. 71.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 55,556 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total value 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 represents a 2.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,431 shares of company stock worth $74,472,548. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Trading Up 3.7%

NASDAQ CRWD traded up $16.63 on Tuesday, hitting $472.22. The company's stock had a trading volume of 3,966,408 shares, compared to its average volume of 5,126,729. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $474.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company's 50-day simple moving average is $396.65 and its 200 day simple moving average is $380.76. The firm has a market cap of $117.05 billion, a P/E ratio of 925.94, a PEG ratio of 17.86 and a beta of 1.22.

Analyst Ratings Changes

A number of research firms recently issued reports on CRWD. Stifel Nicolaus set a $480.00 price objective on CrowdStrike and gave the company a "buy" rating in a research note on Thursday, May 22nd. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Bank of America boosted their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group boosted their target price on CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Finally, Susquehanna boosted their target price on CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $403.83.

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.