Smartleaf Asset Management LLC Increases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Smartleaf Asset Management LLC grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 38.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,036 shares of the company’s stock after buying an additional 289 shares during the quarter. Smartleaf Asset Management LLC’s holdings in CrowdStrike were worth $362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empirical Asset Management LLC bought a new position in CrowdStrike in the 4th quarter worth about $11,310,000. Beacon Financial Advisory LLC purchased a new stake in shares of CrowdStrike in the third quarter valued at approximately $955,000. Sumitomo Mitsui Trust Group Inc. grew its stake in CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares in the last quarter. Hemenway Trust Co LLC increased its holdings in CrowdStrike by 356.8% during the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after purchasing an additional 5,352 shares during the period. Finally, Arcadia Investment Management Corp MI raised its position in CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after purchasing an additional 2,814 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 11,217 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.14, for a total value of $4,017,256.38. Following the completion of the sale, the chief financial officer now owns 290,711 shares in the company, valued at approximately $104,115,237.54. This represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock valued at $38,387,254 in the last quarter. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $390.16 on Wednesday. The firm’s fifty day moving average is $387.85 and its two-hundred day moving average is $337.82. The firm has a market cap of $96.10 billion, a price-to-earnings ratio of 765.03, a PEG ratio of 17.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Canaccord Genuity Group raised their price target on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company raised their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target for the company. in a research report on Wednesday, November 27th. Stifel Nicolaus lifted their price objective on shares of CrowdStrike from $400.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, Royal Bank of Canada upped their target price on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $391.75.

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.