Tradition Wealth Management LLC Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Tradition Wealth Management LLC acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 848 shares of the company's stock, valued at approximately $290,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of CrowdStrike in the fourth quarter valued at $1,111,542,000. Raymond James Financial Inc. bought a new position in CrowdStrike during the 4th quarter valued at about $237,375,000. Amundi raised its position in CrowdStrike by 41.9% in the 4th quarter. Amundi now owns 1,382,952 shares of the company's stock worth $496,093,000 after purchasing an additional 408,190 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in CrowdStrike by 2,586.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock worth $143,055,000 after purchasing an additional 402,531 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of CrowdStrike by 36.5% during the fourth quarter. Franklin Resources Inc. now owns 1,378,856 shares of the company's stock valued at $471,789,000 after buying an additional 368,931 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on CRWD. Citigroup reissued a "buy" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Mizuho lifted their target price on CrowdStrike from $385.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Cantor Fitzgerald restated an "overweight" rating and issued a $440.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, BMO Capital Markets boosted their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $400.76.

CrowdStrike Stock Performance

Shares of CRWD traded up $28.30 during trading hours on Thursday, hitting $414.05. The stock had a trading volume of 4,613,695 shares, compared to its average volume of 5,048,537. The firm has a market capitalization of $102.63 billion, a price-to-earnings ratio of 811.88, a PEG ratio of 17.86 and a beta of 1.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a 50-day moving average price of $371.32 and a 200 day moving average price of $359.55. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Johanna Flower sold 2,974 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $362.48, for a total transaction of $1,078,015.52. Following the transaction, the director now owns 82,875 shares in the company, valued at approximately $30,040,530. This represents a 3.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares of the company's stock, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 122,375 shares of company stock valued at $46,197,236 in the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

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.