Palumbo Wealth Management LLC Has $1.29 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Palumbo Wealth Management LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 38.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,774 shares of the company's stock after acquiring an additional 1,053 shares during the period. Palumbo Wealth Management LLC's holdings in CrowdStrike were worth $1,291,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Empirical Asset Management LLC acquired a new position in CrowdStrike during the fourth quarter valued at approximately $11,310,000. Beacon Financial Advisory LLC acquired a new position in CrowdStrike in the 3rd quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company's stock worth $237,331,000 after acquiring an additional 78,305 shares during the period. DekaBank Deutsche Girozentrale lifted its position in CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company's stock worth $124,644,000 after acquiring an additional 2,863 shares during the last quarter. Finally, Hemenway Trust Co LLC boosted its holdings in CrowdStrike by 356.8% during the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company's stock valued at $1,922,000 after acquiring an additional 5,352 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRWD. KeyCorp lifted their price objective on CrowdStrike from $395.00 to $480.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Bank of America lifted their price target on CrowdStrike from $365.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Robert W. Baird reissued a "neutral" rating and issued a $430.00 price objective (up from $390.00) on shares of CrowdStrike in a research report on Monday, February 3rd. Mizuho boosted their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Finally, Truist Financial upped their price objective on shares of CrowdStrike from $385.00 to $460.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $379.73.

CrowdStrike Trading Down 1.1 %

Shares of NASDAQ CRWD traded down $5.22 during midday trading on Wednesday, reaching $450.14. 2,409,320 shares of the stock were exchanged, compared to its average volume of 3,102,585. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The company has a market capitalization of $110.87 billion, a price-to-earnings ratio of 882.64, a P/E/G ratio of 18.50 and a beta of 1.16. 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 business has a 50-day simple moving average of $380.83 and a two-hundred day simple moving average of $326.77.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares of the company's stock, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is owned by company insiders.

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.