Golden State Equity Partners Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Golden State Equity Partners raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 1,588.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,621 shares of the company's stock after purchasing an additional 1,525 shares during the quarter. Golden State Equity Partners' holdings in CrowdStrike were worth $555,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC lifted its position in shares of CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock valued at $259,668,000 after acquiring an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock valued at $212,021,000 after purchasing an additional 712,900 shares during the period. Assenagon Asset Management S.A. grew its stake in CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company's stock worth $146,180,000 after purchasing an additional 371,695 shares in the last quarter. Finally, State Street Corp increased its holdings in CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company's stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the period. Institutional investors own 71.16% of the company's stock.

Insider Buying and Selling

In other news, Director Gerhard Watzinger sold 30,000 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares of the company's stock, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares in the company, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,315 shares of company stock worth $37,321,176. Insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $9.70 during trading on Wednesday, hitting $417.22. The company had a trading volume of 3,105,924 shares, compared to its average volume of 3,262,331. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $419.39. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $364.15 and a two-hundred day simple moving average of $313.40. The firm has a market capitalization of $102.77 billion, a price-to-earnings ratio of 818.09, a price-to-earnings-growth ratio of 21.13 and a beta of 1.16.

Analysts Set New Price Targets

Several analysts recently weighed in on CRWD shares. Stifel Nicolaus lifted their price objective on CrowdStrike from $375.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Scotiabank boosted their price objective on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 21st. Rosenblatt Securities lifted their price target on CrowdStrike from $325.00 to $385.00 and gave the company a "buy" rating in a report on Monday, November 25th. BNP Paribas initiated coverage on CrowdStrike in a research note on Tuesday, October 8th. They set a "neutral" rating and a $285.00 price objective for the company. Finally, Susquehanna lifted their target price on CrowdStrike from $310.00 to $400.00 and gave the company a "positive" rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $370.00.

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.