Mason & Associates Inc increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 30.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,887 shares of the company's stock after purchasing an additional 1,142 shares during the quarter. Mason & Associates Inc's holdings in CrowdStrike were worth $1,672,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Synergy Financial Group LTD boosted its position in CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company's stock worth $1,108,000 after purchasing an additional 30 shares in the last quarter. Meridian Financial Partners LLC boosted its position in shares of CrowdStrike by 0.6% in the 4th quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company's stock worth $1,914,000 after buying an additional 33 shares in the last quarter. Sunpointe LLC grew its stake in CrowdStrike by 3.1% in the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company's stock valued at $317,000 after acquiring an additional 34 shares during the last quarter. Hilltop Holdings Inc. increased its holdings in CrowdStrike by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company's stock valued at $542,000 after acquiring an additional 34 shares in the last quarter. Finally, Interchange Capital Partners LLC raised its position in CrowdStrike by 1.1% during the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company's stock worth $1,036,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.
CrowdStrike Stock Up 0.4 %
NASDAQ CRWD traded up $1.36 on Thursday, hitting $363.38. 2,436,455 shares of the stock traded hands, compared to its average volume of 2,749,913. The stock has a 50-day moving average of $354.67 and a 200 day moving average of $312.81. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The company has a market capitalization of $89.50 billion, a P/E ratio of 712.52, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14.
Insider Buying and Selling
In related news, CAO Anurag Saha sold 1,863 shares of the company's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of the firm's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock worth $38,935,113 over the last quarter. 4.34% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on CRWD. Stifel Nicolaus raised their price objective on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Jefferies Financial Group increased their target price on CrowdStrike from $415.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Truist Financial upped their price objective on CrowdStrike from $375.00 to $385.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Hsbc Global Res cut CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, BNP Paribas initiated coverage on shares of CrowdStrike in a report on Tuesday, October 8th. They issued a "neutral" rating and a $285.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $365.88.
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About CrowdStrike
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Free Report)
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.
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