CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Modus Advisors LLC

Modus Advisors LLC increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 12.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,493 shares of the company's stock after buying an additional 727 shares during the period. Modus Advisors LLC's holdings in CrowdStrike were worth $2,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in CrowdStrike in the 4th quarter worth approximately $1,111,542,000. Pathstone Holdings LLC lifted its position in shares of CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in CrowdStrike during the 4th quarter worth approximately $237,375,000. Voya Investment Management LLC raised its stake in shares of CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after acquiring an additional 582,471 shares in the last quarter. Finally, Amundi raised its holdings in CrowdStrike by 41.9% in the fourth quarter. Amundi now owns 1,382,952 shares of the company's stock valued at $496,093,000 after acquiring an additional 408,190 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 1.5%

CrowdStrike stock traded up $7.01 during midday trading on Friday, hitting $465.82. 4,481,144 shares of the company were exchanged, compared to its average volume of 5,120,463. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $474.23. 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 company has a market cap of $115.46 billion, a PE ratio of 913.39, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company's fifty day moving average price is $404.18 and its 200-day moving average price is $384.17.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated 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 owns 89,714 shares in the company, valued at $31,669,042. This represents a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $469.00, for a total value of $4,690,000.00. Following the sale, the director now owns 39,500 shares in the company, valued at $18,525,500. The trade was a 20.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 195,431 shares of company stock worth $79,162,548. 3.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CRWD. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Rosenblatt Securities reaffirmed a "buy" rating and set a $450.00 price objective on shares of CrowdStrike in a report on Thursday, May 8th. BTIG Research restated a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Bank of America increased their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird lowered their target price on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus price target of $408.12.

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.