RWQ Financial Management Services Inc. Purchases Shares of 46,725 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

RWQ Financial Management Services Inc. purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,725 shares of the company’s stock, valued at approximately $15,987,000. CrowdStrike comprises about 6.3% of RWQ Financial Management Services Inc.’s investment portfolio, making the stock its 9th largest position.

Several other hedge funds also recently added to or reduced their stakes in CRWD. State Street Corp grew its position in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. Jennison Associates LLC grew its position in shares of CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after acquiring an additional 352,180 shares during the last quarter. Geode Capital Management LLC grew its position in shares of CrowdStrike by 2.0% during the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after acquiring an additional 97,990 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of CrowdStrike by 12.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock worth $440,461,000 after acquiring an additional 171,861 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of CrowdStrike by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,419,075 shares of the company’s stock worth $485,551,000 after acquiring an additional 64,581 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 17,120 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the transaction, the director now directly owns 780,592 shares in the company, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,315 shares of company stock worth $38,319,124. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $369.03 on Friday. The firm has a market cap of $91.47 billion, a price-to-earnings ratio of 723.60, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average is $386.27 and its two-hundred day moving average is $343.52. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CRWD shares. Rosenblatt Securities reiterated a “buy” rating and issued a $450.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Bank of America lifted their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Stifel Nicolaus lowered their price objective on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Canaccord Genuity Group lifted their price objective on shares of CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, Jefferies Financial Group lowered their price objective on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $399.51.

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.