Gunderson Capital Management Inc. Purchases New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Gunderson Capital Management Inc. acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 22,280 shares of the company’s stock, valued at approximately $7,623,000. CrowdStrike makes up approximately 3.7% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 12th largest position.

Several other hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc increased its stake in CrowdStrike by 9.3% in the fourth quarter. AdvisorNet Financial Inc now owns 1,454 shares of the company’s stock valued at $498,000 after acquiring an additional 124 shares during the last quarter. Parisi Gray Wealth Management boosted its holdings in shares of CrowdStrike by 5.4% in the 4th quarter. Parisi Gray Wealth Management now owns 3,216 shares of the company’s stock valued at $1,100,000 after purchasing an additional 165 shares in the last quarter. Sunflower Bank N.A. bought a new position in shares of CrowdStrike in the 4th quarter valued at $206,000. Sivia Capital Partners LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth $212,000. Finally, Grassi Investment Management bought a new stake in shares of CrowdStrike during the 4th quarter worth $240,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Down 2.1 %

Shares of NASDAQ:CRWD opened at $341.46 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The business’s 50 day simple moving average is $353.02 and its two-hundred day simple moving average is $312.71. The firm has a market cap of $84.11 billion, a P/E ratio of 669.54, a PEG ratio of 19.48 and a beta of 1.14.

Analysts Set New Price Targets

CRWD has been the subject of a number of research reports. Piper Sandler increased their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. BMO Capital Markets increased their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group upped their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. JPMorgan Chase & Co. raised their price objective on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Wells Fargo & Company upped their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $365.88.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the sale, the insider now directly owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,351 shares of company stock worth $37,515,473 in the last ninety days. Corporate insiders own 4.34% of the company’s stock.

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.