Sierra Summit Advisors LLC Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sierra Summit Advisors LLC purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 910 shares of the company's stock, valued at approximately $311,000.

Several other large investors also recently bought and sold shares of CRWD. Berbice Capital Management LLC purchased a new position in CrowdStrike during the 4th quarter worth $27,000. Fortitude Family Office LLC increased its holdings in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. raised its stake in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $34,000. Finally, Crowley Wealth Management Inc. purchased a new position in CrowdStrike in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Trading Up 0.8 %

CRWD traded up $3.04 during trading on Friday, hitting $371.65. 1,517,146 shares of the company's stock were exchanged, compared to its average volume of 4,979,411. The stock has a 50 day moving average price of $380.72 and a 200 day moving average price of $354.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The firm has a market cap of $92.12 billion, a P/E ratio of 728.33, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

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Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the sale, the director now owns 768,092 shares of the company's stock, valued at $248,984,702.72. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Michael Sentonas sold 13,543 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the transaction, the president now owns 405,308 shares in the company, valued at $145,351,554.96. This represents a 3.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,801 shares of company stock valued at $45,553,642 over the last three months. 4.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on CRWD. BTIG Research upgraded shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price objective for the company in a research report on Tuesday, March 25th. UBS Group cut their price target on shares of CrowdStrike from $450.00 to $425.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. DA Davidson lifted their price objective on CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. KeyCorp cut their price objective on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Finally, Robert W. Baird cut their price target on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $400.88.

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.