EMC Capital Management Has $1.32 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

EMC Capital Management grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,850 shares of the company’s stock after purchasing an additional 162 shares during the quarter. CrowdStrike comprises about 0.7% of EMC Capital Management’s investment portfolio, making the stock its 9th biggest position. EMC Capital Management’s holdings in CrowdStrike were worth $1,317,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CRWD. Berbice Capital Management LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $27,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the third quarter valued at about $28,000. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares in the last quarter. Tsfg LLC increased its stake in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Finally, Castleview Partners LLC acquired a new position in CrowdStrike in the 3rd quarter valued at approximately $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $398.90 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $411.30. The company’s 50 day moving average price is $360.37 and its two-hundred day moving average price is $311.65. The company has a market capitalization of $98.25 billion, a P/E ratio of 782.37, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 11,217 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total value of $4,017,256.38. Following the completion of the sale, the chief financial officer now owns 290,711 shares in the company, valued at $104,115,237.54. The trade was a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock valued at $38,935,113 over the last quarter. Corporate insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of a number of research reports. Needham & Company LLC boosted their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. BNP Paribas initiated coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. Evercore ISI raised their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Scotiabank upped their price objective on CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Finally, CICC Research assumed coverage on shares of CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.00.

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.