Marest Capital LLC Acquires Shares of 595 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Marest Capital LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, HoldingsChannel.com reports. The fund bought 595 shares of the company’s stock, valued at approximately $204,000. CrowdStrike makes up about 0.2% of Marest Capital LLC’s holdings, making the stock its 21st largest holding.

Other hedge funds have also recently made changes to their positions in the company. Empirical Asset Management LLC bought a new position in CrowdStrike during the fourth quarter valued at $11,310,000. Beacon Financial Advisory LLC bought a new position in CrowdStrike during the 3rd quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. raised its position in CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares during the period. Doliver Advisors LP lifted its stake in CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,664 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after acquiring an additional 2,863 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the sale, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now owns 42,391 shares in the company, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock worth $38,935,113 over the last three months. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $396.87 on Friday. The firm has a market cap of $97.75 billion, a PE ratio of 778.19, a P/E/G ratio of 20.07 and a beta of 1.14. The business has a 50-day moving average price of $361.31 and a 200 day moving average price of $312.25. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $411.30.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. CICC Research initiated coverage on shares of CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective for the company. Scotiabank lifted their price objective on shares of CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a research report on Wednesday, November 27th. KeyCorp boosted their target price on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $369.00.

CrowdStrike Company 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.