Berkshire Capital Holdings Inc. Has $8.12 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Berkshire Capital Holdings Inc. increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 237,200.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,730 shares of the company's stock after acquiring an additional 23,720 shares during the period. CrowdStrike makes up approximately 2.9% of Berkshire Capital Holdings Inc.'s investment portfolio, making the stock its 20th biggest position. Berkshire Capital Holdings Inc.'s holdings in CrowdStrike were worth $8,119,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jacobi Capital Management LLC raised its holdings in shares of CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after purchasing an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in shares of CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after purchasing an additional 27 shares in the last quarter. Wintrust Investments LLC raised its holdings in shares of CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after purchasing an additional 29 shares in the last quarter. Synergy Financial Group LTD raised its holdings in shares of CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company's stock valued at $1,108,000 after purchasing an additional 30 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its holdings in shares of CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after purchasing an additional 30 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

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Insider Activity at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the transaction, the president now directly owns 389,589 shares of the company's stock, valued at approximately $139,655,968.83. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 11,217 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the completion of the transaction, the chief financial officer now directly owns 290,711 shares of the company's stock, valued at approximately $104,115,237.54. This represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,319,124 in the last ninety days. Insiders own 4.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CRWD. Baird R W lowered shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Wedbush raised their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Susquehanna raised their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a research note on Wednesday, March 5th. Finally, Stifel Nicolaus lowered their target price on shares of CrowdStrike from $475.00 to $435.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $399.51.

CrowdStrike Price Performance

CRWD stock traded down $6.79 during trading on Friday, hitting $362.24. 8,116,345 shares of the stock traded hands, compared to its average volume of 4,770,828. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The stock has a market cap of $89.79 billion, a price-to-earnings ratio of 710.29, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a 50 day simple moving average of $386.53 and a 200 day simple moving average of $345.25. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.