CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 66.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,962 shares of the company’s stock after acquiring an additional 782 shares during the quarter. HBK Sorce Advisory LLC’s holdings in CrowdStrike were worth $671,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at $27,000. Fortitude Family Office LLC lifted its holdings 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 during the period. FPC Investment Advisory Inc. lifted its holdings in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at $34,000. Finally, Legacy Bridge LLC lifted its holdings in shares of CrowdStrike by 976.9% in the third quarter. Legacy Bridge LLC now owns 140 shares of the company’s stock valued at $39,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the sale, the insider now owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,315 shares of company stock worth $38,387,254. 4.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CRWD. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Jefferies Financial Group cut their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Raymond James lowered CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday. BMO Capital Markets boosted their target price on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $398.78.

CrowdStrike Stock Performance

CRWD opened at $353.73 on Friday. The company has a market cap of $87.13 billion, a PE ratio of 693.60, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock has a 50-day moving average of $385.70 and a 200-day moving average of $340.82. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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.