Oak Ridge Investments LLC Purchases Shares of 14,695 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Oak Ridge Investments LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,695 shares of the company's stock, valued at approximately $5,028,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike during the second quarter valued at about $25,000. Oakworth Capital Inc. bought a new position in shares of CrowdStrike during the 3rd quarter valued at about $28,000. Fortitude Family Office LLC raised its holdings in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after buying an additional 44 shares in the last quarter. Tsfg LLC lifted its position in CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company's stock worth $29,000 after buying an additional 89 shares during the last quarter. Finally, Castleview Partners LLC bought a new stake in CrowdStrike in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $6.38 during trading on Friday, hitting $357.00. The company's stock had a trading volume of 5,025,151 shares, compared to its average volume of 2,670,549. 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 firm has a market cap of $87.93 billion, a price-to-earnings ratio of 700.01, a P/E/G ratio of 18.55 and a beta of 1.14. The company has a 50-day moving average of $355.86 and a 200-day moving average of $312.41. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CRWD. Barclays upped their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Rosenblatt Securities upped their price target on shares of CrowdStrike from $325.00 to $385.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Needham & Company LLC lifted their price objective on CrowdStrike from $360.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. The Goldman Sachs Group boosted their target price on CrowdStrike from $372.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, December 24th. Finally, Citigroup raised their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $366.38.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now owns 816,730 shares of the company's stock, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the transaction, the insider now directly owns 115,798 shares in the company, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,351 shares of company stock valued at $38,935,113. Insiders own 4.34% of the company's stock.

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.