Horizon Investments LLC Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Horizon Investments LLC grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 47.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,985 shares of the company's stock after buying an additional 3,530 shares during the period. Horizon Investments LLC's holdings in CrowdStrike were worth $3,759,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. PDS Planning Inc raised its holdings in CrowdStrike by 3.1% in the fourth quarter. PDS Planning Inc now owns 2,082 shares of the company's stock worth $712,000 after buying an additional 63 shares during the last quarter. Kensington Investment Counsel LLC raised its holdings in shares of CrowdStrike by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 6,941 shares of the company's stock valued at $2,375,000 after purchasing an additional 48 shares during the last quarter. Leelyn Smith LLC lifted its position in CrowdStrike by 6.1% during the fourth quarter. Leelyn Smith LLC now owns 6,704 shares of the company's stock valued at $2,294,000 after purchasing an additional 386 shares during the period. Axxcess Wealth Management LLC lifted its position in CrowdStrike by 44.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 5,776 shares of the company's stock valued at $1,976,000 after purchasing an additional 1,773 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new position in CrowdStrike during the fourth quarter valued at approximately $349,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the completion of the transaction, the director now directly owns 780,592 shares of the company's stock, valued at approximately $334,194,852.96. The trade was a 2.15 % 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, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares of the company's stock, valued at approximately $31,669,042. This represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,315 shares of company stock worth $38,319,124. Corporate insiders own 4.34% of the company's stock.

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CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded down $6.79 during mid-day trading on Friday, reaching $362.24. The stock had a trading volume of 8,116,345 shares, compared to its average volume of 4,762,152. 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 company has a market cap of $89.79 billion, a P/E ratio of 710.29, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The business's 50 day moving average price is $386.53 and its 200 day moving average price is $344.11.

Analysts Set New Price Targets

CRWD has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Royal Bank of Canada reiterated an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $440.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $399.51.

CrowdStrike 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.