Quantessence Capital LLC Buys Shares of 1,274 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Quantessence Capital LLC bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,274 shares of the company's stock, valued at approximately $436,000.

Several other hedge funds also recently bought and sold shares of CRWD. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $27,000. FPC Investment Advisory Inc. increased its stake in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Fortitude Family Office LLC boosted its position in shares of CrowdStrike by 112.8% in 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 last quarter. Crowley Wealth Management Inc. purchased a new stake in CrowdStrike in the fourth quarter valued at approximately $34,000. Finally, Luken Investment Analytics LLC purchased a new position in CrowdStrike during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insiders Place Their Bets

In other CrowdStrike news, Director Johanna Flower sold 2,974 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $362.48, for a total transaction of $1,078,015.52. Following the completion of the sale, the director now directly owns 82,875 shares of the company's stock, valued at approximately $30,040,530. This represents a 3.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,375 shares of company stock worth $46,197,236. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

Shares of CRWD traded up $10.83 during trading hours on Friday, reaching $424.88. 3,330,958 shares of the company's stock traded hands, compared to its average volume of 5,041,712. The firm has a market capitalization of $105.32 billion, a price-to-earnings ratio of 833.11, a P/E/G ratio of 17.86 and a beta of 1.28. The business's fifty day simple moving average is $370.57 and its two-hundred day simple moving average is $360.43. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CRWD shares. Scotiabank reaffirmed a "sector perform" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Wedbush increased their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Jefferies Financial Group decreased their price objective on shares of CrowdStrike from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Evercore ISI lifted their target price on shares of CrowdStrike from $400.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Finally, Canaccord Genuity Group raised their price objective on CrowdStrike from $370.00 to $420.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $400.76.

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.