Intellus Advisors LLC Acquires Shares of 1,725 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Intellus Advisors LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,725 shares of the company's stock, valued at approximately $590,000.

Several other hedge funds also recently modified their holdings of the stock. Runnymede Capital Advisors Inc. bought a new position in CrowdStrike during the 4th quarter valued at $91,000. Mizuho Securities USA LLC raised its holdings in shares of CrowdStrike by 47.3% in the fourth quarter. Mizuho Securities USA LLC now owns 22,056 shares of the company's stock valued at $7,547,000 after purchasing an additional 7,084 shares during the last quarter. Virtu Financial LLC lifted its position in shares of CrowdStrike by 27.9% during the fourth quarter. Virtu Financial LLC now owns 29,872 shares of the company's stock valued at $10,221,000 after purchasing an additional 6,510 shares in the last quarter. ZEGA Investments LLC purchased a new position in CrowdStrike during the fourth quarter worth about $442,000. Finally, Millstone Evans Group LLC bought a new stake in CrowdStrike in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of research analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $450.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Evercore ISI boosted their price objective on CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. raised their target price on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Stifel Nicolaus cut their price target on shares of CrowdStrike from $475.00 to $435.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Finally, Bank of America increased their price target 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. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $399.51.

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Insider Activity at CrowdStrike

In other news, Director Sameer K. Gandhi sold 17,120 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the sale, the director now 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 legal filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 2,858 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the transaction, the chief accounting officer now owns 38,201 shares in the company, valued at approximately $13,916,242.29. The trade was a 6.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,858 shares of company stock valued at $21,288,706. Corporate insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

NASDAQ CRWD traded up $5.26 during trading hours on Monday, reaching $367.50. 1,884,010 shares of the stock traded hands, compared to its average volume of 4,759,446. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a 50 day simple moving average of $386.53 and a two-hundred day simple moving average of $345.25. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a market cap of $91.09 billion, a price-to-earnings ratio of 720.60, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

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.