Creekmur Asset Management LLC Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Creekmur Asset Management LLC lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 48.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,716 shares of the company’s stock after purchasing an additional 890 shares during the period. Creekmur Asset Management LLC’s holdings in CrowdStrike were worth $929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Empirical Asset Management LLC bought a new stake in CrowdStrike during the fourth quarter valued at about $11,310,000. Arcadia Investment Management Corp MI lifted its holdings in CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after purchasing an additional 2,814 shares in the last quarter. Greenleaf Trust grew its holdings in CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock valued at $1,015,000 after buying an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC raised its position in shares of CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after buying an additional 8,561 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of CrowdStrike by 42.6% in the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock worth $15,263,000 after buying an additional 13,323 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. This trade represents a 3.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 2,547 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $365.96, for a total transaction of $932,100.12. Following the sale, the insider now directly owns 82,071 shares in the company, valued at $30,034,703.16. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,801 shares of company stock valued at $42,092,255. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD stock opened at $362.38 on Wednesday. The firm has a market capitalization of $89.82 billion, a price-to-earnings ratio of 710.56, a PEG ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock’s 50-day simple moving average is $387.98 and its 200-day simple moving average is $350.89. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

Wall Street Analyst Weigh In

Several analysts have commented on CRWD shares. BTIG Research upgraded shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price target on the stock in a research note on Tuesday, March 25th. Morgan Stanley set a $429.00 target price on shares of CrowdStrike in a report on Tuesday, March 18th. Robert W. Baird lowered their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Jefferies Financial Group reduced their target price on shares of CrowdStrike from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Monday. Finally, Canaccord Genuity Group increased their price target on shares of CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $400.88.

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.