3,824 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Bought by AlphaCrest Capital Management LLC

Posted by Defense World Staff on Mar 9th, 2023

AlphaCrest Capital Management LLC acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,824 shares of the company’s stock, valued at approximately $630,000.

Several other large investors have also modified their holdings of the company. Armistice Capital LLC boosted its holdings in shares of CrowdStrike by 14.3% during the 3rd quarter. Armistice Capital LLC now owns 48,000 shares of the company’s stock worth $7,911,000 after buying an additional 6,000 shares during the period. Eaton Vance Management boosted its holdings in shares of CrowdStrike by 5.2% during the 3rd quarter. Eaton Vance Management now owns 622,588 shares of the company’s stock worth $102,609,000 after buying an additional 30,675 shares during the period. Laurel Wealth Advisors Inc. boosted its holdings in shares of CrowdStrike by 4.1% during the 3rd quarter. Laurel Wealth Advisors Inc. now owns 2,403 shares of the company’s stock worth $396,000 after buying an additional 95 shares during the period. Point72 Hong Kong Ltd raised its stake in CrowdStrike by 92.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 60,445 shares of the company’s stock valued at $9,962,000 after purchasing an additional 29,052 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in CrowdStrike by 4.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 963,896 shares of the company’s stock valued at $158,860,000 after purchasing an additional 43,662 shares during the last quarter. 65.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CRWD shares. Cantor Fitzgerald cut their target price on shares of CrowdStrike from $240.00 to $160.00 in a research note on Wednesday, November 30th. William Blair started coverage on shares of CrowdStrike in a research note on Thursday, November 10th. They set an “outperform” rating for the company. DA Davidson cut their target price on shares of CrowdStrike from $235.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, November 30th. Westpark Capital upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Truist Financial dropped their price objective on shares of CrowdStrike from $200.00 to $175.00 in a research note on Monday, January 9th. Five research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $174.50.

CrowdStrike Stock Up 3.2 %

Shares of NASDAQ:CRWD opened at $128.92 on Thursday. The firm has a market cap of $30.22 billion, a P/E ratio of -163.19 and a beta of 1.02. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.55. CrowdStrike Holdings, Inc. has a 12 month low of $92.25 and a 12 month high of $242.00. The company’s 50-day moving average price is $109.72 and its two-hundred day moving average price is $136.27.

Insider Activity

In other CrowdStrike news, Director Roxanne S. Austin bought 35,000 shares of CrowdStrike stock in a transaction dated Thursday, January 5th. The shares were bought at an average price of $96.19 per share, with a total value of $3,366,650.00. Following the purchase, the director now owns 100,419 shares of the company’s stock, valued at $9,659,303.61. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Anurag Saha sold 1,165 shares of the firm’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $108.90, for a total value of $126,868.50. Following the transaction, the chief accounting officer now owns 33,301 shares of the company’s stock, valued at approximately $3,626,478.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roxanne S. Austin bought 35,000 shares of CrowdStrike stock in a transaction dated Thursday, January 5th. The stock was acquired at an average cost of $96.19 per share, for a total transaction of $3,366,650.00. Following the purchase, the director now directly owns 100,419 shares in the company, valued at approximately $9,659,303.61. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 109,252 shares of company stock valued at $11,807,218. 6.82% of the stock is currently owned by insiders.

CrowdStrike Profile

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CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.