Prelude Capital Management LLC Invests $283,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Prelude Capital Management LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,060 shares of the company’s stock, valued at approximately $283,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Transcend Capital Advisors LLC bought a new stake in shares of CrowdStrike in the 1st quarter valued at about $255,000. Maryland State Retirement & Pension System raised its holdings in shares of CrowdStrike by 5.3% in the 1st quarter. Maryland State Retirement & Pension System now owns 17,037 shares of the company’s stock valued at $2,338,000 after purchasing an additional 851 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of CrowdStrike by 7.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 54,043 shares of the company’s stock valued at $7,418,000 after purchasing an additional 3,513 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of CrowdStrike by 0.9% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 122,099 shares of the company’s stock valued at $16,759,000 after purchasing an additional 1,119 shares during the period. Finally, Natixis Advisors L.P. raised its holdings in CrowdStrike by 125.9% in the 1st quarter. Natixis Advisors L.P. now owns 48,122 shares of the company’s stock valued at $6,605,000 after acquiring an additional 26,823 shares during the period. 63.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Mizuho increased their price target on shares of CrowdStrike from $175.00 to $180.00 in a report on Thursday, June 15th. Stephens reissued an “overweight” rating and issued a $200.00 price target on shares of CrowdStrike in a report on Thursday, August 31st. Oppenheimer reissued an “outperform” rating and issued a $175.00 price target on shares of CrowdStrike in a report on Thursday, August 31st. KeyCorp assumed coverage on shares of CrowdStrike in a report on Wednesday, June 14th. They issued an “overweight” rating and a $200.00 price target on the stock. Finally, TheStreet raised shares of CrowdStrike from a “d+” rating to a “c” rating in a report on Wednesday, May 31st. Five equities research analysts have rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $183.28.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 59,465 shares of CrowdStrike stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $144.26, for a total value of $8,578,420.90. Following the completion of the sale, the chief executive officer now directly owns 1,119,971 shares of the company’s stock, valued at $161,567,016.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other CrowdStrike news, President Michael Sentonas sold 10,551 shares of CrowdStrike stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total value of $1,587,714.48. Following the completion of the sale, the president now directly owns 381,289 shares of the company’s stock, valued at $57,376,368.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 59,465 shares of CrowdStrike stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $144.26, for a total transaction of $8,578,420.90. Following the completion of the sale, the chief executive officer now directly owns 1,119,971 shares of the company’s stock, valued at $161,567,016.46. The disclosure for this sale can be found here. Insiders sold 342,479 shares of company stock valued at $51,344,648 over the last quarter. Insiders own 5.68% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $166.97 on Tuesday. CrowdStrike Holdings, Inc. has a twelve month low of $92.25 and a twelve month high of $181.84. The firm has a fifty day simple moving average of $154.75 and a 200 day simple moving average of $143.55. The company has a market capitalization of $39.87 billion, a PE ratio of -407.24, a P/E/G ratio of 17.19 and a beta of 0.96. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.40.

CrowdStrike Profile

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.