Burr Financial Services LLC Grows Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Burr Financial Services LLC increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 121.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,750 shares of the company’s stock after purchasing an additional 1,510 shares during the quarter. CrowdStrike makes up 0.6% of Burr Financial Services LLC’s portfolio, making the stock its 16th biggest holding. Burr Financial Services LLC’s holdings in CrowdStrike were worth $941,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jennison Associates LLC boosted its holdings in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after buying an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after buying an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after buying an additional 371,695 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after acquiring an additional 275,717 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CRWD. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a report on Wednesday, November 27th. Scotiabank boosted their target price on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a report on Tuesday. Stifel Nicolaus increased their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. BMO Capital Markets boosted their price objective on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $369.00.

Insider Buying and Selling

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the transaction, the director now owns 811,842 shares of the company’s stock, valued at $280,613,187.30. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock valued at $38,935,113 over the last quarter. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Up 3.2 %

CrowdStrike stock opened at $377.98 on Thursday. The business’s 50-day simple moving average is $357.22 and its two-hundred day simple moving average is $311.97. 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 company has a market cap of $93.10 billion, a PE ratio of 741.15, a PEG ratio of 19.49 and a beta of 1.14. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33.

About CrowdStrike

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.