CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Position Raised by Princeton Capital Management LLC

Princeton Capital Management LLC grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,889 shares of the company’s stock after buying an additional 663 shares during the quarter. CrowdStrike accounts for about 3.8% of Princeton Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Princeton Capital Management LLC’s holdings in CrowdStrike were worth $12,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Berbice Capital Management LLC acquired a new position in CrowdStrike during the 4th quarter worth $27,000. Fortitude Family Office LLC lifted its position in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the last quarter. FPC Investment Advisory Inc. grew its stake in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC bought a new stake in CrowdStrike in the fourth quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in CrowdStrike during the fourth quarter valued at approximately $34,000. Institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Wedbush boosted their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Jefferies Financial Group reduced their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Mizuho boosted their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Susquehanna raised their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $399.51.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the sale, the director now owns 780,592 shares in the company, valued at $334,194,852.96. The trade was a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,858 shares of company stock valued at $21,288,706. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Up 2.9 %

Shares of NASDAQ CRWD opened at $372.64 on Tuesday. The business has a fifty day simple moving average of $387.16 and a 200-day simple moving average of $346.07. The company has a market cap of $92.37 billion, a price-to-earnings ratio of 730.68, a P/E/G ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

CrowdStrike Company 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.