Axxcess Wealth Management LLC Increases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Axxcess Wealth Management LLC boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 44.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,776 shares of the company's stock after buying an additional 1,773 shares during the quarter. Axxcess Wealth Management LLC's holdings in CrowdStrike were worth $1,976,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Berbice Capital Management LLC purchased a new position in CrowdStrike in the fourth quarter worth $27,000. Fortitude Family Office LLC grew its holdings in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after purchasing an additional 44 shares during the last quarter. FPC Investment Advisory Inc. grew its holdings in CrowdStrike by 811.1% in 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 purchased a new position in CrowdStrike in the fourth quarter worth $34,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in CrowdStrike in the fourth quarter worth $42,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares of the company's stock, valued at $31,669,042. The trade was a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sameer K. Gandhi sold 17,120 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the sale, the director now directly owns 780,592 shares of the company's stock, valued at $334,194,852.96. This represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,319,124 over the last 90 days. Corporate insiders own 4.34% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Robert W. Baird cut their price target on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. HSBC downgraded shares of CrowdStrike from a "buy" rating to a "hold" rating and set a $347.00 price objective for the company. in a research note on Wednesday, November 27th. DA Davidson lifted their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Oppenheimer lifted their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Finally, Scotiabank reiterated a "sector perform" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and an average target price of $399.51.

CrowdStrike Price Performance

Shares of CRWD stock traded down $6.79 on Friday, reaching $362.24. 8,116,345 shares of the company were exchanged, compared to its average volume of 4,770,828. The company has a market cap of $89.79 billion, a price-to-earnings ratio of 710.29, a P/E/G ratio of 17.86 and a beta of 1.19. The business has a 50-day moving average price of $386.53 and a 200 day moving average price of $344.65. 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 1 year low of $200.81 and a 1 year high of $455.59.

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.