Processus Wealth & Capital Management LLC Has $3.56 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Processus Wealth & Capital Management LLC reduced its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,413 shares of the company’s stock after selling 250 shares during the quarter. CrowdStrike accounts for about 2.8% of Processus Wealth & Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Processus Wealth & Capital Management LLC’s holdings in CrowdStrike were worth $3,563,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CRWD. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after buying an additional 712,900 shares in the last quarter. State Street Corp grew its holdings in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after buying an additional 275,717 shares in the last quarter. Whale Rock Capital Management LLC bought a new position in shares of CrowdStrike during the third quarter worth about $69,280,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of CrowdStrike by 41.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 737,184 shares of the company’s stock worth $252,235,000 after buying an additional 215,986 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CRWD shares. KeyCorp increased their price objective on CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Jefferies Financial Group increased their price objective on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Stifel Nicolaus increased their price objective on CrowdStrike from $400.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Truist Financial raised their price target on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group raised their price target on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $383.08.

Insider Activity

In other news, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the transaction, the director now owns 42,391 shares in the company, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction 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 approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,565 shares of company stock worth $51,038,529. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $391.72 on Tuesday. The stock’s fifty day moving average price is $384.83 and its two-hundred day moving average price is $332.12. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. 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 firm has a market cap of $96.48 billion, a PE ratio of 768.09, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16.

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.