Centerpoint Advisory Group Invests $709,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Centerpoint Advisory Group purchased a new position 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 (SEC). The institutional investor purchased 2,073 shares of the company's stock, valued at approximately $709,000.

Several other hedge funds have also modified their holdings of the company. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth approximately $27,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC lifted its stake in CrowdStrike by 112.8% during 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 in the last quarter. Castleview Partners LLC purchased a new position in CrowdStrike during the 3rd quarter valued at about $32,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike in the fourth quarter valued at approximately $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 1.1 %

CRWD stock traded down $5.22 during trading on Wednesday, reaching $450.14. The stock had a trading volume of 2,409,320 shares, compared to its average volume of 3,102,585. The firm has a fifty day moving average price of $380.83 and a 200 day moving average price of $326.77. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a market capitalization of $110.87 billion, a P/E ratio of 882.64, a PEG ratio of 18.50 and a beta of 1.16. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gerhard Watzinger sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares in the company, valued at approximately $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of recent research reports. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Monday, November 25th. Royal Bank of Canada increased 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. Baird R W lowered CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Piper Sandler boosted their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Finally, Bank of America increased their target price on CrowdStrike from $365.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $379.73.

About CrowdStrike

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.