Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 100 shares of the company’s stock, valued at approximately $34,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synergy Financial Group LTD lifted its position in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after acquiring an additional 30 shares during the period. M3 Advisory Group LLC boosted its holdings in CrowdStrike by 2.8% in the fourth quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock valued at $407,000 after purchasing an additional 32 shares during the period. Meridian Financial Partners LLC boosted its stake in CrowdStrike by 0.6% in the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after acquiring an additional 33 shares in the last quarter. First Affirmative Financial Network grew its stake in shares of CrowdStrike by 4.2% in the 4th quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock valued at $278,000 after purchasing an additional 33 shares during the last quarter. Finally, Sunpointe LLC boosted its holdings in CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have commented on CRWD shares. Wedbush set a $330.00 price objective on shares of CrowdStrike in a report on Thursday, October 17th. Citigroup boosted their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Cantor Fitzgerald increased their target price on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. BNP Paribas started coverage on CrowdStrike in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price objective for the company. Finally, Truist Financial lifted their target price on shares of CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $369.00.
Insider Transactions at CrowdStrike
In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the transaction, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock valued at $38,935,113 over the last 90 days. 4.34% of the stock is currently owned by corporate insiders.
CrowdStrike Price Performance
NASDAQ:CRWD opened at $396.87 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. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $411.30. The company has a 50 day moving average price of $361.31 and a 200-day moving average price of $312.25. The firm has a market cap of $97.75 billion, a price-to-earnings ratio of 778.19, a price-to-earnings-growth ratio of 21.08 and a beta of 1.14.
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.
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