Avidian Wealth Enterprises LLC Invests $204,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Avidian Wealth Enterprises LLC purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 597 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC bought a new stake in CrowdStrike during the 4th quarter worth approximately $27,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike during the third quarter worth $28,000. Fortitude Family Office LLC increased its stake 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 buying an additional 44 shares in the last quarter. Castleview Partners LLC bought a new position in shares of CrowdStrike in the third quarter valued at about $32,000. Finally, Luken Investment Analytics LLC bought a new position in shares of CrowdStrike in the fourth quarter worth about $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares in the company, valued at $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 42,391 shares in the company, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,565 shares of company stock valued at $49,235,849. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $451.74 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business has a 50-day moving average of $374.98 and a 200-day moving average of $320.90. The stock has a market capitalization of $111.27 billion, a price-to-earnings ratio of 885.78, a PEG ratio of 17.22 and a beta of 1.16. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $454.13.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Mizuho boosted their target price on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Company raised their price target on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $376.00.

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.