Ritholtz Wealth Management Acquires 879 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ritholtz Wealth Management raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 39.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,088 shares of the company's stock after buying an additional 879 shares during the period. Ritholtz Wealth Management's holdings in CrowdStrike were worth $1,057,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of CRWD. Carnegie Investment Counsel boosted its holdings in shares of CrowdStrike by 111.3% in the fourth quarter. Carnegie Investment Counsel now owns 19,695 shares of the company's stock worth $6,739,000 after buying an additional 10,375 shares during the period. Inspirion Wealth Advisors LLC boosted its stake in CrowdStrike by 4.2% in the 4th quarter. Inspirion Wealth Advisors LLC now owns 1,238 shares of the company's stock worth $446,000 after purchasing an additional 50 shares during the period. Gateway Investment Advisers LLC grew its position in CrowdStrike by 16.2% during the 4th quarter. Gateway Investment Advisers LLC now owns 35,750 shares of the company's stock worth $12,232,000 after purchasing an additional 4,988 shares in the last quarter. Mirador Capital Partners LP lifted its holdings in shares of CrowdStrike by 8.2% in the fourth quarter. Mirador Capital Partners LP now owns 3,641 shares of the company's stock valued at $1,246,000 after purchasing an additional 275 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of CrowdStrike by 13.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,267 shares of the company's stock valued at $3,513,000 after purchasing an additional 1,182 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CRWD shares. BMO Capital Markets upped their price target on CrowdStrike from $315.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. JMP Securities reiterated a "market outperform" rating and issued a $400.00 target price on shares of CrowdStrike in a report on Monday, November 4th. Truist Financial raised their price target on shares of CrowdStrike from $375.00 to $385.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price objective on shares of CrowdStrike from $372.00 to $418.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Finally, Bank of America lifted their target price on shares of CrowdStrike from $365.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. One 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $366.38.

CrowdStrike Stock Performance

CRWD traded down $6.38 during trading on Monday, reaching $357.00. 5,025,151 shares of the company's stock were exchanged, compared to its average volume of 2,670,549. The company has a market capitalization of $87.93 billion, a P/E ratio of 700.01, a PEG ratio of 18.55 and a beta of 1.14. 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 business has a 50 day moving average price of $355.86 and a 200 day moving average price of $311.89. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction on 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 transaction, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The shares were 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 of the company's stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,351 shares of company stock worth $38,935,113. 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.