Seneca House Advisors Increases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Seneca House Advisors increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 33.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,290 shares of the company’s stock after acquiring an additional 322 shares during the period. Seneca House Advisors’ holdings in CrowdStrike were worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empirical Asset Management LLC purchased a new stake in CrowdStrike in the fourth quarter valued at approximately $11,310,000. Beacon Financial Advisory LLC acquired a new stake in CrowdStrike during the 3rd quarter valued at approximately $955,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after acquiring an additional 78,305 shares during the last quarter. Doliver Advisors LP increased its stake in shares of CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after acquiring an additional 4,664 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after purchasing an additional 2,863 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity

In related news, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,351 shares of company stock valued at $38,935,113. Company insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Truist Financial upped their price target on shares of CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Bank of America raised their target price on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Royal Bank of Canada boosted their price target on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. BMO Capital Markets lifted their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $369.00.

CrowdStrike Trading Down 0.1 %

NASDAQ CRWD opened at $377.70 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 stock has a market capitalization of $93.03 billion, a P/E ratio of 740.60, a PEG ratio of 19.49 and a beta of 1.14. The firm’s 50-day moving average is $357.22 and its two-hundred day moving average is $311.97. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33.

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.