Silvercrest Asset Management Group LLC Makes New $240,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Silvercrest Asset Management Group LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 701 shares of the company's stock, valued at approximately $240,000.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after acquiring an additional 342,294 shares in the last quarter. Jennison Associates LLC lifted its stake in CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock worth $1,854,843,000 after acquiring an additional 352,180 shares in the last quarter. Geode Capital Management LLC lifted its stake in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Norges Bank purchased a new stake in CrowdStrike in the 4th quarter worth about $1,111,542,000. Finally, Northern Trust Corp increased its stake 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 worth $777,292,000 after acquiring an additional 324,136 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the transaction, the director now directly owns 768,092 shares of the company's stock, valued at approximately $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,431 shares of company stock valued at $74,472,548 over the last ninety days. 3.32% of the stock is owned by company insiders.

CrowdStrike Stock Down 1.7%

Shares of CRWD stock opened at $434.74 on Thursday. The stock has a market cap of $107.76 billion, a P/E ratio of 852.45, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The stock has a fifty day moving average price of $391.60 and a 200 day moving average price of $377.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRWD. Evercore ISI upped their price target on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. UBS Group dropped their price target on shares of CrowdStrike from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Bank of America upped their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $450.00 target price on shares of CrowdStrike in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $403.56.

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.

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