Trust Point Inc. Makes New $455,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Trust Point Inc. purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,330 shares of the company’s stock, valued at approximately $455,000.

Several other large investors also recently modified their holdings of the business. Blodgett Wealth Advisors LLC increased its holdings in shares of CrowdStrike by 10.6% in the fourth quarter. Blodgett Wealth Advisors LLC now owns 4,702 shares of the company’s stock worth $1,609,000 after acquiring an additional 450 shares in the last quarter. GDS Wealth Management increased its holdings in shares of CrowdStrike by 42.5% in the fourth quarter. GDS Wealth Management now owns 11,959 shares of the company’s stock worth $4,092,000 after acquiring an additional 3,566 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after acquiring an additional 352,180 shares in the last quarter. Fiduciary Planning LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth about $214,000. Finally, Panoramic Investment Advisors LLC grew its holdings in shares of CrowdStrike by 19.8% during the fourth quarter. Panoramic Investment Advisors LLC now owns 958 shares of the company’s stock worth $328,000 after buying an additional 158 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CRWD shares. JPMorgan Chase & Co. increased their price objective on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Susquehanna increased 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. Jefferies Financial Group increased their price objective on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Rosenblatt Securities increased their price objective on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, KeyCorp increased their price target on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $370.00.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction 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 approximately $280,613,187.30. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 98,214 shares of the company’s stock, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,315 shares of company stock valued at $37,321,176. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $417.22 on Thursday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $419.39. The stock’s fifty day moving average price is $364.15 and its two-hundred day moving average price is $313.40. 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 firm has a market cap of $102.77 billion, a PE ratio of 818.09, a price-to-earnings-growth ratio of 21.13 and a beta of 1.16.

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.