Redmond Asset Management LLC Purchases 544 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Redmond Asset Management LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 24.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,815 shares of the company’s stock after buying an additional 544 shares during the quarter. Redmond Asset Management LLC’s holdings in CrowdStrike were worth $963,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Synergy Financial Group LTD raised its stake in shares of CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after purchasing an additional 30 shares in the last quarter. M3 Advisory Group LLC raised its stake in shares of CrowdStrike by 2.8% during the 4th quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock worth $407,000 after purchasing an additional 32 shares in the last quarter. Meridian Financial Partners LLC raised its stake in shares of CrowdStrike by 0.6% during the 4th quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock worth $1,914,000 after purchasing an additional 33 shares in the last quarter. First Affirmative Financial Network raised its stake in shares of CrowdStrike by 4.2% during the 4th quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock worth $278,000 after purchasing an additional 33 shares in the last quarter. Finally, Hilltop Holdings Inc. raised its stake in shares of CrowdStrike by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CRWD. JPMorgan Chase & Co. boosted their target price on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Cantor Fitzgerald boosted their target price on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. The Goldman Sachs Group boosted their target price on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Finally, Stifel Nicolaus increased their target price on CrowdStrike from $400.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven 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.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $383.08.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the firm’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 value of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,565 shares of company stock valued at $51,038,529. Company insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 6.8 %

Shares of CrowdStrike stock opened at $406.61 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The stock has a 50 day moving average price of $384.76 and a two-hundred day moving average price of $329.67. The stock has a market capitalization of $100.15 billion, a PE ratio of 797.30, a price-to-earnings-growth ratio of 18.44 and a beta of 1.16.

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.