Sanctuary Advisors LLC grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 21.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,087 shares of the company's stock after buying an additional 11,083 shares during the period. Sanctuary Advisors LLC's holdings in CrowdStrike were worth $21,244,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in CRWD. Berbice Capital Management LLC purchased a new stake in CrowdStrike during the fourth quarter valued at about $27,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike during the 3rd quarter valued at approximately $28,000. Fortitude Family Office LLC boosted its holdings in 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 buying an additional 44 shares during the period. Castleview Partners LLC bought a new position in CrowdStrike in the 3rd quarter worth approximately $32,000. Finally, Luken Investment Analytics LLC purchased a new position in CrowdStrike in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 71.16% of the company's stock.
Insider Activity
In related news, CEO George Kurtz sold 18,071 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total value of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares of the company's stock, valued at $776,928,619.50. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gerhard Watzinger sold 30,000 shares of the firm's stock in a transaction 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 sale, the director now directly owns 42,391 shares of the company's stock, valued at $14,791,491.63. The trade was a 41.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on CRWD shares. Scotiabank raised their price target on CrowdStrike from $300.00 to $370.00 and gave the stock a "sector perform" rating in a report on Tuesday, January 21st. Truist Financial raised their target price on CrowdStrike from $385.00 to $460.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Oppenheimer lifted their target price on CrowdStrike from $365.00 to $410.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Stifel Nicolaus increased their price target on shares of CrowdStrike from $400.00 to $475.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, CICC Research assumed coverage on shares of CrowdStrike in a report on Monday, November 18th. They set a "market perform" rating and a $295.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $383.08.
Read Our Latest Stock Report on CRWD
CrowdStrike Trading Down 6.8 %
Shares of NASDAQ:CRWD traded down $29.53 during trading on Friday, reaching $406.61. 5,588,416 shares of the company traded hands, compared to its average volume of 3,224,895. The firm has a market capitalization of $100.15 billion, a price-to-earnings ratio of 797.30, a P/E/G ratio of 18.44 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The business's fifty day moving average is $384.76 and its 200-day moving average is $329.67.
About CrowdStrike
(
Free Report)
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.
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