Graham Capital Management L.P. Has $14.61 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Graham Capital Management L.P. raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,709 shares of the company's stock after purchasing an additional 6,600 shares during the quarter. Graham Capital Management L.P.'s holdings in CrowdStrike were worth $14,613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Empirical Asset Management LLC bought a new stake in CrowdStrike in the fourth quarter worth $11,310,000. Primoris Wealth Advisors LLC bought a new position in CrowdStrike during the 4th quarter valued at about $2,166,000. Arcadia Investment Management Corp MI raised its position in CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after purchasing an additional 2,814 shares during the period. Greenleaf Trust lifted its stake in CrowdStrike by 53.4% in the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company's stock worth $1,015,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Trifecta Capital Advisors LLC lifted its stake in CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after purchasing an additional 8,561 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Up 4.6%

Shares of NASDAQ:CRWD traded up $18.87 during midday trading on Monday, reaching $429.44. 3,275,964 shares of the company were exchanged, compared to its average volume of 5,094,764. The firm has a market cap of $106.45 billion, a PE ratio of 842.06, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The stock has a fifty day simple moving average of $376.01 and a two-hundred day simple moving average of $370.65.

Analyst Ratings Changes

A number of brokerages have weighed in on CRWD. Stifel Nicolaus decreased their target price on CrowdStrike from $475.00 to $435.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. BTIG Research upgraded shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 target price on the stock in a report on Tuesday, March 25th. Baird R W lowered shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Finally, Wedbush lifted their price objective on shares of CrowdStrike from $390.00 to $395.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $403.20.

Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction on Friday, March 21st. The shares were 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 trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 16,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the sale, the chief financial officer now directly owns 249,653 shares in the company, valued at $109,068,402.64. This trade represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 189,431 shares of company stock worth $76,275,228 over the last three months. Corporate insiders own 4.34% of the company's stock.

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.