Nearwater Capital Markets Ltd Buys Shares of 110,000 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Nearwater Capital Markets Ltd acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 110,000 shares of the company's stock, valued at approximately $37,638,000. CrowdStrike accounts for 1.1% of Nearwater Capital Markets Ltd's holdings, making the stock its 22nd biggest holding.

Several other institutional investors have also modified their holdings of CRWD. NorthRock Partners LLC boosted its position in shares of CrowdStrike by 22.0% during the fourth quarter. NorthRock Partners LLC now owns 4,560 shares of the company's stock worth $1,560,000 after buying an additional 822 shares during the period. Northeast Financial Consultants Inc grew its stake in shares of CrowdStrike by 6.1% during the 4th quarter. Northeast Financial Consultants Inc now owns 1,554 shares of the company's stock worth $532,000 after acquiring an additional 89 shares in the last quarter. Nuveen Asset Management LLC grew its position in CrowdStrike by 4.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,686,147 shares of the company's stock valued at $576,932,000 after purchasing an additional 64,095 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CrowdStrike by 4.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 535,367 shares of the company's stock worth $184,645,000 after buying an additional 23,861 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of CrowdStrike by 6.5% during the 4th quarter. Lazard Asset Management LLC now owns 6,919 shares of the company's stock worth $2,367,000 after buying an additional 424 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $440.20 on Wednesday. The company's 50 day moving average is $379.14 and its 200-day moving average is $372.03. The firm has a market cap of $109.11 billion, a P/E ratio of 863.15, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Ratings Changes

Several equities analysts recently weighed in on CRWD shares. Bank of America raised their target price 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. Needham & Company LLC reissued a "buy" rating and issued a $420.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. The Goldman Sachs Group restated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Stephens started coverage on shares of CrowdStrike in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $450.00 target price for the company. Finally, BTIG Research raised CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price target on the stock in a research report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $403.20.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the sale, the chief executive officer now directly owns 2,192,610 shares in the company, valued at $981,280,679.40. This represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares of the company's stock, valued at approximately $42,459,423.38. The trade was a 4.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 189,431 shares of company stock valued at $76,275,228 in the last 90 days. 3.32% of the stock is currently owned by company insiders.

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.

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