Perigon Wealth Management LLC Boosts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Perigon Wealth Management LLC grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 18.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,116 shares of the company's stock after buying an additional 1,251 shares during the quarter. Perigon Wealth Management LLC's holdings in CrowdStrike were worth $2,949,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Jeppson Wealth Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $214,000. IRON Financial LLC increased its position in shares of CrowdStrike by 2.8% during the fourth quarter. IRON Financial LLC now owns 2,852 shares of the company's stock valued at $976,000 after buying an additional 78 shares during the period. Integrity Wealth Solutions LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $259,000. Cherry Creek Investment Advisors Inc. lifted its stake in shares of CrowdStrike by 24.0% in the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 1,075 shares of the company's stock valued at $368,000 after purchasing an additional 208 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its position in shares of CrowdStrike by 26.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,287 shares of the company's stock valued at $1,809,000 after purchasing an additional 1,098 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

CRWD stock traded down $0.20 during midday trading on Thursday, reaching $396.87. The stock had a trading volume of 2,779,070 shares, compared to its average volume of 3,285,356. The company has a market cap of $97.75 billion, a price-to-earnings ratio of 778.19, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $411.30. The company's fifty day simple moving average is $361.31 and its 200 day simple moving average is $312.25. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares in the company, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the 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 transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock valued at $38,935,113 in the last 90 days. Company insiders own 4.34% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRWD. CICC Research assumed coverage on CrowdStrike in a research report on Monday, November 18th. They set a "market perform" rating and a $295.00 price objective for the company. Barclays upped their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Robert W. Baird lifted their target price on shares of CrowdStrike from $375.00 to $390.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Needham & Company LLC lifted their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company boosted their price target on CrowdStrike from $350.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $369.00.

CrowdStrike Company 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.