Kingsview Wealth Management LLC Increases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kingsview Wealth Management LLC grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,650 shares of the company’s stock after buying an additional 504 shares during the period. Kingsview Wealth Management LLC’s holdings in CrowdStrike were worth $2,960,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Berbice Capital Management LLC acquired a new position in CrowdStrike during the fourth quarter worth $27,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the 3rd quarter worth $28,000. Fortitude Family Office LLC grew its stake in shares of CrowdStrike by 112.8% during the 4th 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 period. Tsfg LLC increased its holdings in shares of CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares in the last quarter. Finally, Castleview Partners LLC acquired a new stake in shares of CrowdStrike in the third quarter valued at about $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

CrowdStrike stock opened at $421.59 on Monday. 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 $431.33. The stock’s 50 day moving average price is $368.52 and its 200 day moving average price is $316.29. The firm has a market capitalization of $103.84 billion, a PE ratio of 826.66, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total value of $2,577,437.50. Following the sale, the director now directly owns 805,592 shares of the company’s stock, valued at $332,218,084.88. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s 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 completion of the sale, the insider now directly owns 98,214 shares of the company’s stock, valued at $34,857,130.74. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,565 shares of company stock valued at $39,898,614. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wedbush set a $330.00 target price on shares of CrowdStrike in a report on Thursday, October 17th. Stifel Nicolaus raised their price objective on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. KeyCorp raised 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $370.00.

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.