6,503 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,503 shares of the company's stock, valued at approximately $2,225,000.

Other hedge funds have also recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new position in CrowdStrike during the fourth quarter worth about $27,000. Fortitude Family Office LLC grew its holdings 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 acquiring an additional 44 shares during the period. FPC Investment Advisory Inc. grew its holdings in 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 acquiring an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new position in CrowdStrike during the fourth quarter worth about $34,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at $42,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of CRWD traded down $6.79 during mid-day trading on Friday, reaching $362.24. The company had a trading volume of 8,116,345 shares, compared to its average volume of 4,770,828. The company's 50 day simple moving average is $386.53 and its 200 day simple moving average is $344.65. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market capitalization 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.

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Insider Activity

In other news, insider Shawn Henry sold 5,505 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $1,973,377.35. Following the sale, the insider now directly owns 110,293 shares in the company, valued at approximately $39,536,731.71. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 18,071 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares in the company, valued at approximately $776,928,619.50. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,315 shares of company stock worth $38,319,124. Corporate insiders own 4.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CRWD shares. Wells Fargo & Company increased their price target on CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Truist Financial increased their price target on CrowdStrike from $385.00 to $460.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Baird R W lowered CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Hsbc Global Res lowered CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, HSBC lowered CrowdStrike from a "buy" rating to a "hold" rating and set a $347.00 price objective for the company. in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $399.51.

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.