Savoie Capital LLC Makes New $843,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Savoie Capital LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,006 shares of the company's stock, valued at approximately $843,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Beacon Financial Advisory LLC bought a new stake in shares of CrowdStrike in the third quarter valued at approximately $955,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company's stock valued at $237,331,000 after acquiring an additional 78,305 shares during the period. Doliver Advisors LP grew its holdings in shares of CrowdStrike by 223.2% during the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company's stock worth $1,894,000 after purchasing an additional 4,664 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company's stock worth $124,644,000 after purchasing an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC raised its stake in CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company's stock valued at $1,922,000 after purchasing an additional 5,352 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of analyst reports. Robert W. Baird increased their price objective on shares of CrowdStrike from $375.00 to $390.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Piper Sandler increased their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Bank of America boosted their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. The Goldman Sachs Group decreased their price target on CrowdStrike from $400.00 to $295.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Finally, Royal Bank of Canada dropped their price objective on CrowdStrike from $370.00 to $365.00 and set an "outperform" rating for the company in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average price target of $355.80.

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,776 shares of the company's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the transaction, the president now owns 400,390 shares in the company, valued at approximately $119,027,939.20. This represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now owns 174,591 shares of the company's stock, valued at $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 144,498 shares of company stock valued at $45,116,385 in the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 2.0 %

Shares of NASDAQ:CRWD traded down $7.23 during mid-day trading on Tuesday, hitting $346.37. The company had a trading volume of 1,905,410 shares, compared to its average volume of 4,965,269. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. The firm has a fifty day moving average price of $324.38 and a 200 day moving average price of $313.39. The company has a market capitalization of $85.31 billion, a PE ratio of 693.33, a price-to-earnings-growth ratio of 19.63 and a beta of 1.11.

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.