Smith Salley Wealth Management Invests $376,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Smith Salley Wealth Management bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,098 shares of the company's stock, valued at approximately $376,000.

Several other institutional investors have also recently added to or reduced their stakes in CRWD. Massachusetts Financial Services Co. MA boosted its stake in CrowdStrike by 18.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,532 shares of the company's stock worth $1,737,000 after purchasing an additional 691 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of CrowdStrike by 54.6% in the second quarter. Dimensional Fund Advisors LP now owns 286,183 shares of the company's stock valued at $109,670,000 after buying an additional 101,079 shares during the last quarter. Bridges Investment Management Inc. acquired a new position in CrowdStrike during the 2nd quarter worth about $285,000. AE Wealth Management LLC grew its holdings in CrowdStrike by 88.5% during the 2nd quarter. AE Wealth Management LLC now owns 6,951 shares of the company's stock worth $2,664,000 after acquiring an additional 3,263 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in CrowdStrike by 32.0% in the 2nd quarter. Pacer Advisors Inc. now owns 37,916 shares of the company's stock valued at $14,529,000 after acquiring an additional 9,198 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, President Michael Sentonas sold 10,801 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the sale, the president now owns 389,589 shares in the company, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the transaction, the insider now owns 98,214 shares of the company's stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock valued at $38,935,113 in the last quarter. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Down 1.8 %

NASDAQ:CRWD opened at $357.00 on Monday. The stock has a 50-day simple moving average of $355.86 and a 200 day simple moving average of $312.41. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The company has a market cap of $87.93 billion, a PE ratio of 700.01, a PEG ratio of 18.55 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRWD. BNP Paribas started coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a "neutral" rating and a $285.00 target price on the stock. Needham & Company LLC increased their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Susquehanna boosted their target price on CrowdStrike from $310.00 to $400.00 and gave the stock a "positive" rating in a research report on Wednesday, November 27th. Cantor Fitzgerald raised their price target on CrowdStrike from $350.00 to $370.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Finally, KeyCorp boosted their price objective on CrowdStrike from $345.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $366.38.

CrowdStrike 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.