Graham Capital Management L.P. Has $14.61 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Graham Capital Management L.P. raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,709 shares of the company’s stock after acquiring an additional 6,600 shares during the period. Graham Capital Management L.P.’s holdings in CrowdStrike were worth $14,613,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Berbice Capital Management LLC bought a new stake in CrowdStrike during the fourth quarter worth about $27,000. FPC Investment Advisory Inc. lifted its holdings in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Fortitude Family Office LLC boosted its position in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in CrowdStrike in the fourth quarter valued at approximately $34,000. Finally, Luken Investment Analytics LLC acquired a new position in CrowdStrike during the fourth quarter valued at approximately $34,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $410.73 on Friday. The business has a 50-day simple moving average of $376.01 and a 200 day simple moving average of $369.70. The firm has a market capitalization of $101.81 billion, a price-to-earnings ratio of 805.37, a PEG ratio of 17.86 and a beta of 1.22. 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 $455.59.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CRWD. JPMorgan Chase & Co. lifted their price target on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Susquehanna lifted their target price on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research report on Wednesday, March 5th. Robert W. Baird dropped their target price on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Morgan Stanley dropped their price objective on shares of CrowdStrike from $429.00 to $415.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $403.20.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the sale, the chief executive officer now owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. The trade was a 2.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 in the company, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,551 shares of company stock worth $83,604,814 over the last quarter. 4.34% of the stock is currently owned by corporate insiders.

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.