Abacus FCF Advisors LLC Acquires 5,332 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Abacus FCF Advisors LLC increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 46.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,925 shares of the company's stock after purchasing an additional 5,332 shares during the quarter. Abacus FCF Advisors LLC's holdings in CrowdStrike were worth $5,791,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC grew its holdings in CrowdStrike by 216.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 3,905 shares of the company's stock worth $1,095,000 after acquiring an additional 2,671 shares during the period. Headinvest LLC purchased a new position in shares of CrowdStrike in the 3rd quarter valued at about $229,000. MML Investors Services LLC lifted its stake in shares of CrowdStrike by 5.5% in the third quarter. MML Investors Services LLC now owns 61,789 shares of the company's stock valued at $17,330,000 after purchasing an additional 3,247 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in CrowdStrike by 3.1% during the third quarter. Public Employees Retirement System of Ohio now owns 101,161 shares of the company's stock worth $28,373,000 after buying an additional 3,080 shares in the last quarter. Finally, Continuum Advisory LLC grew its position in CrowdStrike by 235.0% during the third quarter. Continuum Advisory LLC now owns 717 shares of the company's stock worth $201,000 after buying an additional 503 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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CrowdStrike Price Performance

NASDAQ CRWD traded up $9.29 on Friday, reaching $377.90. The company's stock had a trading volume of 3,378,070 shares, compared to its average volume of 4,998,906. The firm has a market cap of $93.67 billion, a PE ratio of 740.99, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The business has a 50-day moving average price of $380.13 and a 200 day moving average price of $354.82.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Baird R W cut CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Robert W. Baird reduced their target price on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Mizuho lifted their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company raised their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and an average price target of $400.88.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company's stock, valued at $42,459,423.38. This represents a 4.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the sale, the director now directly owns 768,092 shares in the company, valued at $248,984,702.72. This trade represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,801 shares of company stock valued at $45,553,642. Corporate insiders own 4.34% of the company's stock.

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.