City Holding Co. Invests $1.45 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

City Holding Co. 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 (SEC). The fund acquired 4,250 shares of the company's stock, valued at approximately $1,454,000.

Several other hedge funds have also recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike during the 2nd quarter valued at approximately $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike during the third quarter worth $28,000. Fortitude Family Office LLC raised its holdings in shares of 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 during the last quarter. Tsfg LLC boosted its holdings in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company's stock valued at $29,000 after purchasing an additional 89 shares during the last quarter. Finally, Castleview Partners LLC purchased a new stake in CrowdStrike in the third quarter valued at $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Trading Down 1.8 %

Shares of CRWD stock traded down $6.38 during trading on Monday, hitting $357.00. 5,025,151 shares of the stock traded hands, compared to its average volume of 2,670,549. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The firm has a market capitalization of $87.93 billion, a P/E ratio of 700.01, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. The firm's fifty day moving average price is $355.86 and its 200-day moving average price is $311.89. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. BNP Paribas began coverage on CrowdStrike in a report on Tuesday, October 8th. They issued a "neutral" rating and a $285.00 price objective for the company. Bank of America upped their price objective on CrowdStrike from $365.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their target price on shares of CrowdStrike from $372.00 to $418.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Morgan Stanley increased their price target on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Finally, Oppenheimer lifted their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $366.38.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the sale, the insider now directly owns 98,214 shares in the company, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the transaction, the director now owns 816,730 shares in the company, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. 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 over the last quarter. 4.34% of the stock is owned by insiders.

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.