Sagespring Wealth Partners LLC Acquires New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sagespring Wealth Partners LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,848 shares of the company's stock, valued at approximately $632,000.

Several other institutional investors also recently modified their holdings of CRWD. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $27,000. Fortitude Family Office LLC lifted its stake in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after buying an additional 44 shares in the last quarter. FPC Investment Advisory Inc. lifted its stake in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike in the fourth quarter worth about $34,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike in the fourth quarter worth approximately $34,000. Institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on CRWD shares. Rosenblatt Securities reissued a "buy" rating and set a $450.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Raymond James downgraded CrowdStrike from an "outperform" rating to a "cautious" rating in a research note on Monday, March 10th. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Royal Bank of Canada reissued an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, BTIG Research raised shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price objective on the stock in a research report on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and an average price target of $400.53.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the completion of the sale, the director now directly owns 805,592 shares of the company's stock, valued at $332,218,084.88. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the transaction, the insider now directly owns 89,714 shares of the company's stock, valued at $31,669,042. This represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,401 shares of company stock worth $45,119,220 in the last quarter. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

NASDAQ:CRWD traded down $4.22 during trading hours on Friday, reaching $375.62. The company had a trading volume of 2,091,665 shares, compared to its average volume of 5,021,500. The firm has a market capitalization of $93.11 billion, a PE ratio of 736.52, a PEG ratio of 17.86 and a beta of 1.28. The stock has a 50-day moving average of $376.90 and a two-hundred day moving average of $357.06. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.