Pines Wealth Management LLC Purchases Shares of 1,953 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pines Wealth Management LLC bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,953 shares of the company's stock, valued at approximately $681,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike during the 2nd quarter valued at $25,000. Fortitude Family Office LLC increased its stake in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after acquiring an additional 44 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in CrowdStrike during the 2nd quarter valued at about $33,000. Strategic Investment Solutions Inc. IL bought a new stake in CrowdStrike during the second quarter worth about $38,000. Finally, Oakworth Capital Inc. purchased a new stake in CrowdStrike in the third quarter worth about $28,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

CRWD has been the subject of several recent research reports. DA Davidson reiterated a "buy" rating and set a $310.00 target price on shares of CrowdStrike in a report on Wednesday, September 18th. HSBC cut CrowdStrike from a "buy" rating to a "hold" rating and set a $347.00 price objective for the company. in a research note on Wednesday, November 27th. Piper Sandler boosted their target price on CrowdStrike from $290.00 to $375.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Wedbush set a $330.00 price target on CrowdStrike in a report on Thursday, October 17th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $365.88.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now directly owns 115,798 shares of the company's stock, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerhard Watzinger sold 30,000 shares of the company's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now owns 42,391 shares of the company's stock, 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. In the last quarter, insiders have sold 106,351 shares of company stock worth $37,515,473. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

NASDAQ:CRWD traded up $13.98 during trading hours on Wednesday, hitting $362.02. 2,873,450 shares of the stock traded hands, compared to its average volume of 2,779,224. The stock has a 50 day moving average price of $353.83 and a 200 day moving average price of $312.46. 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 company has a market cap of $89.17 billion, a price-to-earnings ratio of 709.86, a price-to-earnings-growth ratio of 19.75 and a beta of 1.11. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33.

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.