GDS Wealth Management Raises Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

GDS Wealth Management increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 42.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,959 shares of the company’s stock after purchasing an additional 3,566 shares during the quarter. GDS Wealth Management’s holdings in CrowdStrike were worth $4,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike in the fourth quarter valued at about $27,000. Fortitude Family Office LLC increased its position in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares during the period. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike in the third quarter valued at about $28,000. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike in the fourth quarter valued at about $34,000. Finally, Tsfg LLC increased its position in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In other news, President Michael Sentonas sold 10,801 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the transaction, the president now directly owns 389,589 shares of the company’s stock, valued at $139,655,968.83. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following 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 ownership of the stock. 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 three months. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CRWD. Piper Sandler boosted their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. CICC Research began coverage on shares of CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective on the stock. KeyCorp boosted their price objective on shares of CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Jefferies Financial Group lifted their target price on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $370.00.

CrowdStrike Stock Down 0.1 %

CRWD opened at $397.57 on Tuesday. 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 50 day moving average price of $362.61 and a 200-day moving average price of $312.29. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $411.30. The stock has a market capitalization of $97.93 billion, a price-to-earnings ratio of 779.56, a PEG ratio of 21.13 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.