ZEGA Investments LLC Buys New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

ZEGA Investments LLC purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,180 shares of the company's stock, valued at approximately $442,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Berbice Capital Management LLC bought a new position in shares of CrowdStrike in the 4th quarter worth approximately $27,000. FPC Investment Advisory Inc. raised its holdings in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Fortitude Family Office LLC lifted its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after buying an additional 44 shares during the period. Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the sale, the insider now owns 98,214 shares in the company, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the transaction, the director now owns 780,592 shares of the company's stock, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,858 shares of company stock valued at $21,288,706 over the last ninety days. 4.34% of the stock is currently owned by company insiders.

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CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $4.98 during midday trading on Monday, reaching $367.22. The stock had a trading volume of 1,872,616 shares, compared to its average volume of 4,759,422. The company has a market capitalization of $91.02 billion, a price-to-earnings ratio of 720.05, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The stock has a 50-day moving average of $386.53 and a 200-day moving average of $345.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Wall Street Analyst Weigh In

CRWD has been the subject of several research reports. Wells Fargo & Company increased their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. 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. Jefferies Financial Group cut their price target on CrowdStrike from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Baird R W cut CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Citigroup reissued a "buy" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $399.51.

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.