RWQ Financial Management Services Inc. Purchases Shares of 46,725 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

RWQ Financial Management Services Inc. bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 46,725 shares of the company's stock, valued at approximately $15,987,000. CrowdStrike accounts for about 6.3% of RWQ Financial Management Services Inc.'s portfolio, making the stock its 9th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company's stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the period. Jennison Associates LLC grew its position in CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after buying an additional 352,180 shares in the last quarter. Geode Capital Management LLC increased its stake in CrowdStrike by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company's stock valued at $1,367,505,000 after buying an additional 97,990 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of CrowdStrike by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company's stock worth $440,461,000 after buying an additional 171,861 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of CrowdStrike by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,419,075 shares of the company's stock worth $485,551,000 after acquiring an additional 64,581 shares during the period. Institutional investors own 71.16% of the company's stock.

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CrowdStrike Stock Performance

CrowdStrike stock traded up $10.40 during trading hours on Monday, reaching $372.64. 4,144,121 shares of the company were exchanged, compared to its average volume of 4,768,326. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average of $386.53 and a 200 day moving average of $345.25. The firm has a market cap of $92.37 billion, a price-to-earnings ratio of 730.68, a PEG ratio of 17.86 and a beta of 1.19.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Needham & Company LLC reissued a "buy" rating and set a $420.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Piper Sandler set a $347.00 target price on CrowdStrike in a research note on Wednesday, March 5th. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Wedbush lifted their price objective on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Finally, Morgan Stanley began coverage on shares of CrowdStrike in a research note on Tuesday, March 18th. They set an "overweight" rating for the company. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average target price of $399.51.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 2,858 shares of the business's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the completion of the transaction, the chief accounting officer now owns 38,201 shares of the company's stock, valued at approximately $13,916,242.29. The trade was a 6.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 17,120 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the sale, the director now directly owns 780,592 shares in the company, valued at $334,194,852.96. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,858 shares of company stock worth $21,288,706. 4.34% of the stock is owned by insiders.

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.