Petros Family Wealth LLC Invests $775,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Petros Family Wealth LLC bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,266 shares of the company's stock, valued at approximately $775,000.

A number of other institutional investors have also modified their holdings of the business. Norges Bank acquired a new stake in CrowdStrike during the 4th quarter valued at $1,111,542,000. Raymond James Financial Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter worth $237,375,000. Amundi boosted its position in CrowdStrike by 41.9% during the 4th quarter. Amundi now owns 1,382,952 shares of the company's stock worth $496,093,000 after purchasing an additional 408,190 shares during the period. Arrowstreet Capital Limited Partnership raised its position in CrowdStrike by 2,586.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock valued at $143,055,000 after purchasing an additional 402,531 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of CrowdStrike by 36.5% during the fourth quarter. Franklin Resources Inc. now owns 1,378,856 shares of the company's stock worth $471,789,000 after purchasing an additional 368,931 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CRWD shares. JPMorgan Chase & Co. lifted their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Baird R W lowered CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Scotiabank restated a "sector perform" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Jefferies Financial Group dropped their target price on shares of CrowdStrike from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Finally, Bank of America increased their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus price target of $400.88.

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CrowdStrike Stock Up 0.2 %

Shares of NASDAQ:CRWD traded up $0.76 on Monday, reaching $378.66. The company had a trading volume of 3,042,891 shares, compared to its average volume of 5,002,377. 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 firm has a market capitalization of $93.86 billion, a PE ratio of 742.49, a PEG ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The firm's 50 day simple moving average is $380.13 and its 200-day simple moving average is $355.34.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was 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 in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now owns 768,092 shares of the company's stock, valued at approximately $248,984,702.72. This trade represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,801 shares of company stock worth $45,553,642. 4.34% of the stock is owned by corporate insiders.

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.