Sanctuary Advisors LLC Boosts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sanctuary Advisors LLC boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 27.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,004 shares of the company's stock after buying an additional 11,115 shares during the quarter. Sanctuary Advisors LLC's holdings in CrowdStrike were worth $14,305,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the 2nd quarter valued at approximately $25,000. Oakworth Capital Inc. purchased a new position in CrowdStrike during the third quarter valued at $28,000. Tsfg LLC grew its position in shares of 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 period. Family Firm Inc. acquired a new stake in shares of CrowdStrike in the second quarter valued at about $30,000. Finally, Castleview Partners LLC purchased a new stake in shares of CrowdStrike during the third quarter worth about $32,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley lifted their price objective on CrowdStrike from $325.00 to $355.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Raymond James dropped their price target on CrowdStrike from $380.00 to $275.00 and set an "outperform" rating for the company in a research report on Thursday, August 29th. Evercore ISI increased their price objective on CrowdStrike from $325.00 to $400.00 and gave the company an "outperform" rating in a research note on Monday, November 25th. Barclays lifted their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an "overweight" rating in a research note on Monday, November 18th. Finally, Susquehanna increased their target price on shares of CrowdStrike from $310.00 to $400.00 and gave the company a "positive" rating in a research 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $355.80.

CrowdStrike Stock Up 0.7 %

Shares of CrowdStrike stock traded up $2.52 during trading hours on Friday, reaching $368.02. 3,119,049 shares of the company were exchanged, compared to its average volume of 4,942,976. The firm has a market cap of $90.65 billion, a PE ratio of 721.61, a PEG ratio of 19.48 and a beta of 1.11. 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 $398.33. The stock's fifty day moving average is $330.62 and its 200 day moving average is $314.18.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now directly owns 174,591 shares of the company's stock, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $349.34, for a total value of $2,183,375.00. Following the transaction, the director now directly owns 809,266 shares of the company's stock, valued at approximately $282,708,984.44. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 144,498 shares of company stock valued at $45,116,385 in the last three months. 4.34% of the stock is owned by corporate insiders.

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.