Bridgewater Associates LP Buys New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bridgewater Associates LP acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,445 shares of the company's stock, valued at approximately $4,600,000.

A number of other large investors also recently modified their holdings of the company. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth $27,000. FPC Investment Advisory Inc. boosted its holdings in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares during the period. Fortitude Family Office LLC lifted its holdings in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after buying an additional 44 shares during the period. Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $34,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Shawn Henry sold 2,547 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $365.96, for a total value of $932,100.12. Following the completion of the sale, the insider now owns 82,071 shares of the company's stock, valued at approximately $30,034,703.16. The trade was a 3.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. This represents a 3.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,401 shares of company stock worth $45,119,220 in the last ninety days. 4.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CRWD. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Baird R W downgraded shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. KeyCorp cut their price objective on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Raymond James cut CrowdStrike from an "outperform" rating to a "cautious" rating in a research note on Monday, March 10th. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $400.53.

CrowdStrike Stock Up 2.0 %

Shares of NASDAQ CRWD traded up $7.27 during trading hours on Tuesday, hitting $369.96. The company had a trading volume of 641,678 shares, compared to its average volume of 5,015,212. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year 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 market capitalization of $91.70 billion, a P/E ratio of 724.94, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The firm's 50 day moving average is $374.34 and its 200-day moving average is $359.31.

CrowdStrike Company 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.