RFG Bristol Wealth Advisors LLC Buys New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

RFG Bristol Wealth Advisors LLC purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,240 shares of the company's stock, valued at approximately $766,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CRWD. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth about $27,000. FPC Investment Advisory Inc. lifted its holdings in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares in the last quarter. Fortitude Family Office LLC boosted its position in CrowdStrike by 112.8% in 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 during the period. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike in the fourth quarter worth $34,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of CRWD traded up $9.11 during trading hours on Wednesday, reaching $371.49. The company had a trading volume of 2,443,358 shares, compared to its average volume of 4,899,503. The company has a market capitalization of $92.08 billion, a price-to-earnings ratio of 728.43, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The firm has a 50 day simple moving average of $387.85 and a 200-day simple moving average of $351.03. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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Analyst Upgrades and Downgrades

Several research analysts recently commented on CRWD shares. Mizuho boosted their target price on CrowdStrike from $385.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Bank of America raised their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Piper Sandler set a $347.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. KeyCorp reduced their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Finally, Barclays lowered their target price on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $400.88.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,141 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $371.79, for a total value of $796,002.39. Following the sale, the chief accounting officer now owns 34,024 shares of the company's stock, valued at approximately $12,649,782.96. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction 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 transaction, the director now directly owns 811,842 shares of the company's stock, valued at $280,613,187.30. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,801 shares of company stock valued at $42,092,255. Corporate insiders own 4.34% of the company's stock.

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.