Greater Midwest Financial Group LLC Increases Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Greater Midwest Financial Group LLC increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,525 shares of the company’s stock after acquiring an additional 649 shares during the period. CrowdStrike makes up approximately 1.6% of Greater Midwest Financial Group LLC’s investment portfolio, making the stock its 17th biggest position. Greater Midwest Financial Group LLC’s holdings in CrowdStrike were worth $2,575,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC boosted its holdings in shares of CrowdStrike by 59.5% in the 4th quarter. Cornerstone Wealth Management LLC now owns 1,863 shares of the company’s stock worth $637,000 after purchasing an additional 695 shares during the period. Brighton Jones LLC boosted its stake in CrowdStrike by 44.9% during the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock worth $2,670,000 after buying an additional 2,417 shares during the period. Seneca House Advisors increased its position in CrowdStrike by 33.3% during the fourth quarter. Seneca House Advisors now owns 1,290 shares of the company’s stock valued at $441,000 after acquiring an additional 322 shares during the last quarter. Secure Asset Management LLC raised its stake in shares of CrowdStrike by 13.8% in the fourth quarter. Secure Asset Management LLC now owns 7,388 shares of the company’s stock valued at $2,528,000 after acquiring an additional 896 shares during the period. Finally, Seros Financial LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth about $608,000. 71.16% of the stock is owned by institutional investors.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the company’s 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 completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,351 shares of company stock valued at $38,935,113. Corporate insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

CRWD has been the subject of several recent analyst reports. Canaccord Genuity Group restated a “buy” rating and set a $330.00 target price on shares of CrowdStrike in a research report on Monday, September 30th. Susquehanna raised their price objective on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. KeyCorp upped their target price on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Scotiabank lifted their price objective on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $369.00.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $377.70 on Friday. The firm has a 50-day simple moving average of $357.22 and a 200-day simple moving average of $311.97. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $93.03 billion, a price-to-earnings ratio of 740.60, a price-to-earnings-growth ratio of 19.49 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 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.