Laffer Tengler Investments Inc. Buys 1,653 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Laffer Tengler Investments Inc. increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 23.2% during the 4th quarter, Holdings Channel reports. The firm owned 8,790 shares of the company’s stock after acquiring an additional 1,653 shares during the quarter. Laffer Tengler Investments Inc.’s holdings in CrowdStrike were worth $3,008,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Berbice Capital Management LLC bought a new position in CrowdStrike during the 4th quarter worth about $27,000. Fortitude Family Office LLC raised its holdings in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. lifted its position in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. Finally, Ashton Thomas Securities LLC purchased a new position in CrowdStrike during the third quarter valued at approximately $38,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares in the company, valued at $42,629,875.72. The trade was a 3.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock valued at $38,387,254 over the last ninety days. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRWD. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a research report on Wednesday, November 27th. Canaccord Genuity Group raised their price objective on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research report on Monday. Piper Sandler boosted their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, Rosenblatt Securities lifted their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $391.75.

CrowdStrike Trading Up 1.9 %

Shares of CrowdStrike stock opened at $390.16 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The firm has a market capitalization of $96.10 billion, a PE ratio of 765.03, a P/E/G ratio of 17.86 and a beta of 1.16. The firm’s 50-day moving average price is $387.85 and its 200 day moving average price is $337.82.

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.