ERn Financial LLC acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 822 shares of the company's stock, valued at approximately $281,000.
A number of other hedge funds also recently bought and sold shares of CRWD. Beacon Financial Advisory LLC bought a new position in shares of CrowdStrike during the third quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company's stock valued at $237,331,000 after acquiring an additional 78,305 shares during the period. Doliver Advisors LP grew its position in CrowdStrike by 223.2% during the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company's stock worth $1,894,000 after acquiring an additional 4,664 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company's stock worth $124,644,000 after purchasing an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC lifted its position in CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company's stock valued at $1,922,000 after purchasing an additional 5,352 shares during the last quarter. Institutional investors own 71.16% of the company's stock.
CrowdStrike Stock Performance
CRWD stock traded down $4.10 during midday trading on Friday, reaching $359.28. 3,898,768 shares of the company's stock traded hands, compared to its average volume of 2,829,762. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The stock has a market cap of $88.50 billion, a P/E ratio of 705.17, a PEG ratio of 18.55 and a beta of 1.14. The stock's 50-day moving average is $355.33 and its 200 day moving average is $313.16.
Insider Activity
In related news, CAO Anurag Saha sold 1,863 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock valued at $38,935,113 in the last 90 days. Company insiders own 4.34% of the company's stock.
Analyst Ratings Changes
CRWD has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on shares of CrowdStrike from $375.00 to $390.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Cantor Fitzgerald boosted their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Needham & Company LLC upped their price target on CrowdStrike from $360.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Canaccord Genuity Group reiterated a "buy" rating and issued a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. Finally, Susquehanna upped their target price on CrowdStrike from $310.00 to $400.00 and gave the company a "positive" rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $366.38.
Read Our Latest Research Report on CrowdStrike
About CrowdStrike
(
Free Report)
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.
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