Global Wealth Management Investment Advisory Inc. Acquires New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Global Wealth Management Investment Advisory Inc. bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,400 shares of the company’s stock, valued at approximately $2,532,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in CrowdStrike by 423.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,978 shares of the company’s stock valued at $555,000 after acquiring an additional 1,600 shares during the period. Gateway Investment Advisers LLC grew its position in shares of CrowdStrike by 5,113.9% in the third quarter. Gateway Investment Advisers LLC now owns 30,762 shares of the company’s stock valued at $8,628,000 after purchasing an additional 30,172 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of CrowdStrike by 2.1% during the 3rd quarter. Ritholtz Wealth Management now owns 2,209 shares of the company’s stock valued at $620,000 after purchasing an additional 45 shares during the period. InTrack Investment Management Inc lifted its holdings in CrowdStrike by 114.3% during the 3rd quarter. InTrack Investment Management Inc now owns 4,294 shares of the company’s stock worth $1,204,000 after purchasing an additional 2,290 shares in the last quarter. Finally, City State Bank boosted its stake in CrowdStrike by 45.6% in the 3rd quarter. City State Bank now owns 1,853 shares of the company’s stock worth $520,000 after purchasing an additional 580 shares during the period. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CRWD. Evercore ISI increased their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. JPMorgan Chase & Co. increased their target price on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Oppenheimer boosted their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. JMP Securities reiterated a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Monday, November 4th. Finally, Wedbush set a $330.00 target price on CrowdStrike in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $370.00.

CrowdStrike Price Performance

Shares of CRWD opened at $421.59 on Monday. The firm’s 50-day simple moving average is $368.52 and its two-hundred day simple moving average is $316.29. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $431.33. The stock has a market cap 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. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity at CrowdStrike

In other news, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was 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 in the company, valued at $139,655,968.83. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,565 shares of company stock valued at $39,898,614 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

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.