Howard Financial Services LTD. Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Howard Financial Services LTD. boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 23.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,065 shares of the company’s stock after purchasing an additional 398 shares during the period. Howard Financial Services LTD.’s holdings in CrowdStrike were worth $707,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike in the second quarter valued at $25,000. Fortitude Family Office LLC increased its stake in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of CrowdStrike in the 2nd quarter worth about $33,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of CrowdStrike in the 2nd quarter valued at about $38,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike during the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CRWD. Truist Financial lifted their price target on shares of CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. 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. Canaccord Genuity Group reissued a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. Cantor Fitzgerald upped their price target on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Bank of America boosted their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $366.38.

CrowdStrike Price Performance

Shares of CRWD opened at $357.00 on Friday. 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 company has a market capitalization of $87.93 billion, a price-to-earnings ratio of 700.01, a P/E/G ratio of 18.55 and a beta of 1.14. The business’s 50-day moving average is $355.86 and its 200-day moving average is $312.92. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike 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 value of $3,871,834.47. Following the transaction, the president now directly owns 389,589 shares of the company’s stock, valued at $139,655,968.83. This represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is currently owned by company insiders.

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.