CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Raised by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 36.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,677 shares of the company's stock after acquiring an additional 5,481 shares during the period. CrowdStrike makes up 2.7% of Left Brain Wealth Management LLC's portfolio, making the stock its 10th largest holding. Left Brain Wealth Management LLC's holdings in CrowdStrike were worth $7,075,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Jennison Associates LLC raised its stake in CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock valued at $212,021,000 after buying an additional 712,900 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of CrowdStrike in the 4th quarter valued at about $237,375,000. Amundi grew its position in CrowdStrike by 41.9% in the fourth quarter. Amundi now owns 1,382,952 shares of the company's stock worth $496,093,000 after acquiring an additional 408,190 shares in the last quarter. Finally, State Street Corp increased its stake in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company's stock worth $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Wedbush raised their price target on CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating 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. Bank of America raised their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Barclays cut their price target on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $398.78.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was 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 in the company, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares of the company's stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,315 shares of company stock valued at $38,387,254. Insiders own 4.34% of the company's stock.

CrowdStrike Stock Up 6.4 %

Shares of CRWD traded up $21.20 during mid-day trading on Friday, hitting $353.73. 4,360,577 shares of the company traded hands, compared to its average volume of 4,095,999. The company has a market capitalization of $87.13 billion, a PE ratio of 693.60, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. 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 business has a 50 day moving average of $385.70 and a 200 day moving average of $340.82. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59.

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.