Investment Research & Advisory Group Inc. Acquires 285 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Investment Research & Advisory Group Inc. increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 570.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 335 shares of the company’s stock after purchasing an additional 285 shares during the period. Investment Research & Advisory Group Inc.’s holdings in CrowdStrike were worth $115,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CRWD. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth approximately $27,000. Oakworth Capital Inc. acquired a new position in CrowdStrike during the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC lifted its stake in 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 during the last quarter. Tsfg LLC boosted its position in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 89 shares in the last quarter. Finally, Castleview Partners LLC acquired a new position in shares of CrowdStrike during the third quarter worth $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Down 0.7 %

NASDAQ CRWD opened at $374.92 on Friday. The business’s fifty day simple moving average is $358.65 and its 200-day simple moving average is $312.32. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market cap of $92.35 billion, a PE ratio of 735.15, a P/E/G ratio of 20.07 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33.

Analysts Set New Price Targets

A number of equities analysts recently commented on CRWD shares. Jefferies Financial Group lifted their price objective on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Oppenheimer boosted their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Royal Bank of Canada boosted their price objective on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Barclays boosted their target price on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, BNP Paribas assumed coverage on shares of CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $369.00.

Insider Buying and Selling

In other news, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the transaction, the director now directly owns 42,391 shares in the company, valued at approximately $14,791,491.63. This represents a 41.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the sale, the director now directly owns 816,730 shares of the company’s stock, valued at $261,745,630.40. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,351 shares of company stock worth $38,935,113. Insiders own 4.34% of the company’s stock.

CrowdStrike 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.