Corient Private Wealth LLC Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Corient Private Wealth LLC increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 10.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,116 shares of the company's stock after buying an additional 2,854 shares during the period. Corient Private Wealth LLC's holdings in CrowdStrike were worth $9,634,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Empirical Asset Management LLC bought a new stake in CrowdStrike in the fourth quarter valued at $11,310,000. Arcadia Investment Management Corp MI increased its stake in CrowdStrike by 30.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock valued at $4,090,000 after purchasing an additional 2,814 shares in the last quarter. Greenleaf Trust increased its stake in CrowdStrike by 53.4% in the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company's stock valued at $1,015,000 after purchasing an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC increased its stake in CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after purchasing an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in CrowdStrike by 42.6% in the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company's stock valued at $15,263,000 after purchasing an additional 13,323 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

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Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction that occurred on 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 sale, the insider now owns 89,714 shares in the company, valued at $31,669,042. The trade was a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,315 shares of company stock worth $38,319,124. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

Shares of CRWD stock traded down $6.79 during trading on Friday, reaching $362.24. 8,116,345 shares of the company's stock traded hands, compared to its average volume of 4,770,828. The company has a market capitalization of $89.79 billion, a P/E ratio of 710.29, a PEG ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm's 50-day moving average is $386.53 and its 200 day moving average is $344.65. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CRWD shares. Jefferies Financial Group reduced their price objective 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. Hsbc Global Res cut shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 27th. Scotiabank reiterated a "sector perform" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $440.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. 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. Two research 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $399.51.

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.