Allworth Financial LP Buys 1,222 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Allworth Financial LP lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 33.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,910 shares of the company's stock after acquiring an additional 1,222 shares during the quarter. Allworth Financial LP's holdings in CrowdStrike were worth $1,856,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantum Private Wealth LLC boosted its stake in CrowdStrike by 4.9% in the 4th quarter. Quantum Private Wealth LLC now owns 8,659 shares of the company's stock valued at $2,963,000 after purchasing an additional 405 shares during the period. Centerpoint Advisory Group bought a new stake in CrowdStrike in the 4th quarter valued at $709,000. Palumbo Wealth Management LLC boosted its stake in CrowdStrike by 38.7% in the 4th quarter. Palumbo Wealth Management LLC now owns 3,774 shares of the company's stock valued at $1,291,000 after purchasing an additional 1,053 shares during the period. Everhart Financial Group Inc. boosted its stake in CrowdStrike by 15.8% in the 4th quarter. Everhart Financial Group Inc. now owns 2,471 shares of the company's stock valued at $845,000 after purchasing an additional 338 shares during the period. Finally, TigerOak Management L.L.C. acquired a new position in CrowdStrike in the 4th quarter valued at $262,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Down 6.8 %

Shares of NASDAQ CRWD traded down $29.53 during midday trading on Friday, hitting $406.61. 5,588,416 shares of the stock traded hands, compared to its average volume of 3,150,410. The company has a market cap of $100.15 billion, a PE ratio of 797.30, a P/E/G ratio of 17.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The business has a 50 day moving average price of $384.76 and a two-hundred day moving average price of $330.35.

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Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the business's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares of the company's stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares in the company, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 136,565 shares of company stock valued at $51,038,529 over the last 90 days. Insiders own 4.34% of the company's stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of several analyst reports. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a report on Monday, November 25th. Cantor Fitzgerald lifted their price objective on CrowdStrike from $350.00 to $370.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Royal Bank of Canada lifted their price objective on CrowdStrike from $365.00 to $420.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Stifel Nicolaus boosted their price target on CrowdStrike from $400.00 to $475.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Robert W. Baird reissued a "neutral" rating and set a $430.00 price target (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $383.08.

CrowdStrike 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.