WealthPlan Investment Management LLC purchased a new position 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 institutional investor purchased 1,112 shares of the company's stock, valued at approximately $380,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Empirical Asset Management LLC purchased a new stake in CrowdStrike during the fourth quarter worth about $11,310,000. Beacon Financial Advisory LLC bought a new stake in shares of CrowdStrike in the third quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company's stock worth $237,331,000 after acquiring an additional 78,305 shares during the period. DekaBank Deutsche Girozentrale raised its stake in CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company's stock valued at $124,644,000 after acquiring an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC boosted its position in CrowdStrike by 356.8% during the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company's stock worth $1,922,000 after purchasing an additional 5,352 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on CRWD. CICC Research began coverage on shares of CrowdStrike in a research note on Monday, November 18th. They set a "market perform" rating and a $295.00 price target on the stock. KeyCorp boosted their price objective on CrowdStrike from $395.00 to $480.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Truist Financial raised their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Barclays upped their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Finally, Citigroup boosted their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $379.73.
Check Out Our Latest Research Report on CRWD
CrowdStrike Trading Down 1.1 %
CRWD stock traded down $5.22 during trading on Wednesday, reaching $450.14. The company had a trading volume of 2,406,227 shares, compared to its average volume of 3,100,979. The company has a market cap of $110.87 billion, a P/E ratio of 882.64, a PEG ratio of 18.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business has a 50 day moving average of $380.83 and a 200 day moving average of $326.77. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59.
Insiders Place Their Bets
In other CrowdStrike news, Director Sameer K. Gandhi sold 17,120 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the completion of the sale, the director now directly owns 780,592 shares of the company's stock, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction on 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 transaction, the president now owns 389,589 shares in the company, valued at $139,655,968.83. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 132,565 shares of company stock worth $49,235,849. 4.34% of the stock is owned by corporate insiders.
CrowdStrike Company Profile
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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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