Needham Investment Management LLC Acquires New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Needham Investment Management LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $561,000.

Other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike in the 2nd quarter valued at approximately $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike in the third quarter worth approximately $28,000. Tsfg LLC increased its stake in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. acquired a new position in shares of CrowdStrike during the 2nd quarter worth $30,000. Finally, Castleview Partners LLC acquired a new stake in shares of CrowdStrike in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This represents a 4.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 138,248 shares of company stock valued at $42,933,010. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Up 0.9 %

CRWD opened at $349.95 on Wednesday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The firm has a market cap of $85.78 billion, a price-to-earnings ratio of 686.19, a PEG ratio of 18.62 and a beta of 1.11. The firm’s 50-day simple moving average is $318.10 and its 200-day simple moving average is $312.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.90 and a current ratio of 1.86.

Analyst Ratings Changes

Several equities analysts have commented on CRWD shares. Citigroup increased their target price on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Argus cut their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. BNP Paribas initiated coverage on CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price for the company. CICC Research started coverage on shares of CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target on the stock. Finally, Jefferies Financial Group boosted their price objective on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $355.80.

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.