Voleon Capital Management LP Makes New $983,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Voleon Capital Management LP bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,874 shares of the company's stock, valued at approximately $983,000.

Other hedge funds have also modified their holdings of the company. Empirical Asset Management LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $11,310,000. Primoris Wealth Advisors LLC purchased a new stake in CrowdStrike in the 4th quarter valued at $2,166,000. Arcadia Investment Management Corp MI increased its stake in shares of 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 acquiring an additional 2,814 shares during the last quarter. Greenleaf Trust raised its stake in CrowdStrike by 53.4% during 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 period. Finally, Trifecta Capital Advisors LLC raised its position in shares of CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after buying an additional 8,561 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction dated 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. The trade was a 3.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 132,875 shares of company stock worth $50,491,736. 4.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent analyst reports. BTIG Research raised shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 target price on the stock in a research report on Tuesday, March 25th. DA Davidson boosted their target price on CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Stifel Nicolaus decreased their price target on CrowdStrike from $475.00 to $435.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Morgan Stanley cut their price objective on CrowdStrike from $429.00 to $415.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Canaccord Genuity Group raised their target price on CrowdStrike from $370.00 to $420.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $400.76.

CrowdStrike Trading Down 0.5 %

NASDAQ:CRWD opened at $428.87 on Thursday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week 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. The stock has a fifty day simple moving average of $369.76 and a 200-day simple moving average of $363.75. The company has a market capitalization of $106.31 billion, a PE ratio of 840.94, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

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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