Miller Financial Services LLC Invests $1.52 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Miller Financial Services LLC acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,432 shares of the company's stock, valued at approximately $1,516,000. CrowdStrike comprises approximately 1.3% of Miller Financial Services LLC's portfolio, making the stock its 20th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC increased its position in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock valued at $212,021,000 after buying an additional 712,900 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $237,375,000. Amundi lifted 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 acquiring an additional 408,190 shares in the last quarter. Finally, State Street Corp boosted its holdings in CrowdStrike by 2.9% in the 3rd 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 period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares of the company's stock, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 18,071 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the transaction, the chief executive officer now owns 2,159,935 shares in the company, valued at approximately $776,928,619.50. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock worth $38,387,254 in the last quarter. 4.34% of the stock is owned by company insiders.

CrowdStrike Price Performance

Shares of CRWD traded down $12.19 during trading hours on Thursday, hitting $334.57. 1,431,106 shares of the company were exchanged, compared to its average volume of 4,026,350. The firm has a fifty day simple moving average of $386.10 and a 200-day simple moving average of $340.26. The company has a market capitalization of $82.41 billion, a PE ratio of 656.81, a PEG ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59.

Analysts Set New Price Targets

A number of research firms have recently commented on CRWD. Mizuho boosted their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. CICC Research initiated coverage on CrowdStrike in a research note on Monday, November 18th. They issued a "market perform" rating and a $295.00 price target on the stock. Scotiabank restated a "sector perform" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Barclays reduced their target price on CrowdStrike from $506.00 to $475.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $398.78.

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.