Empire Life Investments Inc. Purchases Shares of 2,676 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Empire Life Investments Inc. bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,676 shares of the company’s stock, valued at approximately $916,000.

Several other hedge funds have also recently modified their holdings of CRWD. Berbice Capital Management LLC bought a new position in shares of CrowdStrike during the fourth quarter worth $27,000. Oakworth Capital Inc. bought a new position in shares of CrowdStrike during the third quarter worth $28,000. Fortitude Family Office LLC boosted its position in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the last quarter. Castleview Partners LLC bought a new position in shares of CrowdStrike during the third quarter worth $32,000. Finally, Luken Investment Analytics LLC bought a new position in shares of CrowdStrike during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRWD. The Goldman Sachs Group upped their target price on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Mizuho upped their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday. HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research note on Wednesday, November 27th. Piper Sandler upped their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Barclays upped their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $376.00.

CrowdStrike Stock Down 0.4 %

NASDAQ:CRWD opened at $451.74 on Friday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $454.13. The stock has a market capitalization of $111.27 billion, a P/E ratio of 885.78, a P/E/G 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. The company’s 50-day simple moving average is $374.98 and its 200-day simple moving average is $320.90.

Insider Activity

In related news, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike 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 completion of the sale, the insider now owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 132,565 shares of company stock worth $49,235,849. 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.