Fire Capital Management LLC Purchases Shares of 1,425 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fire Capital Management LLC bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,425 shares of the company's stock, valued at approximately $488,000.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock worth $1,854,843,000 after buying an additional 352,180 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank purchased a new position in CrowdStrike in the 4th quarter valued at $1,111,542,000. Finally, Northern Trust Corp boosted its holdings in shares of CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after acquiring an additional 324,136 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares of the company's stock, valued at approximately $31,669,042. This represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 2,141 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $371.79, for a total transaction of $796,002.39. Following the sale, the chief accounting officer now directly owns 34,024 shares in the company, valued at $12,649,782.96. This trade represents a 5.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 195,431 shares of company stock valued at $79,162,548. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Up 1.5%

NASDAQ CRWD traded up $7.01 on Friday, hitting $465.82. 4,481,144 shares of the stock traded hands, compared to its average volume of 5,121,588. The stock has a 50-day moving average of $404.18 and a 200 day moving average of $383.65. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $474.23. The company has a market capitalization of $115.46 billion, a P/E ratio of 913.39, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. The Goldman Sachs Group restated a "buy" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. DZ Bank cut CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective for the company. in a report on Thursday, May 22nd. Canaccord Genuity Group lifted their price objective on CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. UBS Group boosted their price objective on shares of CrowdStrike from $425.00 to $545.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Cantor Fitzgerald raised their price target on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research note on Friday. Three investment 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $408.12.

About CrowdStrike

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.