Discovery Capital Management LLC CT Has $12.08 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Discovery Capital Management LLC CT boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 6.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,300 shares of the company's stock after acquiring an additional 2,000 shares during the quarter. Discovery Capital Management LLC CT's holdings in CrowdStrike were worth $12,078,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Berbice Capital Management LLC acquired a new position in CrowdStrike in the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC raised its holdings in shares of 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 acquiring an additional 44 shares in the last quarter. FPC Investment Advisory Inc. boosted its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Luken Investment Analytics LLC purchased a new position in CrowdStrike in the fourth quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. bought a new position in CrowdStrike during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 13,543 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the completion of the sale, the president now directly owns 405,308 shares in the company, valued at $145,351,554.96. The trade was a 3.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now directly owns 98,214 shares of the company's stock, valued at $34,857,130.74. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,801 shares of company stock worth $42,092,255. Company insiders own 4.34% of the company's stock.

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Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent research reports. Barclays cut their price target on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Robert W. Baird lowered their price objective on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Mizuho boosted their target price on CrowdStrike from $385.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Morgan Stanley set a $429.00 price target on CrowdStrike in a report on Tuesday, March 18th. Finally, BTIG Research upgraded shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price objective for the company in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average target price of $400.88.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $9.11 during mid-day trading on Wednesday, hitting $371.49. The stock had a trading volume of 2,443,358 shares, compared to its average volume of 4,899,503. The company's 50 day simple moving average is $387.98 and its 200 day simple moving average is $350.89. The stock has a market cap of $92.08 billion, a price-to-earnings ratio of 728.43, a PEG ratio of 17.86 and a beta of 1.19. 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 twelve month low of $200.81 and a twelve month high of $455.59.

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.