Nearwater Capital Markets Ltd Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Nearwater Capital Markets Ltd bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, Holdings Channel reports. The institutional investor bought 110,000 shares of the company’s stock, valued at approximately $37,638,000. CrowdStrike makes up about 1.1% of Nearwater Capital Markets Ltd’s holdings, making the stock its 22nd biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the last quarter. Jennison Associates LLC increased 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 purchasing an additional 352,180 shares during the period. Geode Capital Management LLC lifted its position in CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $1,111,542,000. Finally, Northern Trust Corp grew its holdings 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 purchasing an additional 324,136 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 13,529 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.10, for a total transaction of $4,844,734.90. Following the transaction, the chief financial officer now owns 244,739 shares in the company, valued at $87,641,035.90. The trade was a 5.24% 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 ninety days. Corporate insiders own 3.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CRWD shares. Wedbush boosted their price objective on shares of CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Stifel Nicolaus lowered their price target on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Piper Sandler set a $347.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Robert W. Baird decreased their price target on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $403.20.

CrowdStrike Trading Up 2.5%

Shares of CrowdStrike stock opened at $440.20 on Wednesday. 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 firm has a market cap of $109.11 billion, a price-to-earnings ratio of 863.15, a PEG ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The business has a 50-day moving average price of $379.14 and a 200-day moving average price of $372.03.

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.