Great Lakes Advisors LLC Buys 642 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Great Lakes Advisors LLC grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 48.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,964 shares of the company’s stock after buying an additional 642 shares during the quarter. Great Lakes Advisors LLC’s holdings in CrowdStrike were worth $672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Truvestments Capital LLC grew its stake in shares of CrowdStrike by 7.5% during the fourth quarter. Truvestments Capital LLC now owns 995 shares of the company’s stock valued at $340,000 after buying an additional 69 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in shares of CrowdStrike during the fourth quarter valued at about $1,872,000. Hollencrest Capital Management grew its stake in shares of CrowdStrike by 21.7% during the fourth quarter. Hollencrest Capital Management now owns 837 shares of the company’s stock valued at $286,000 after buying an additional 149 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of CrowdStrike by 1.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 16,685 shares of the company’s stock valued at $5,709,000 after buying an additional 167 shares during the last quarter. Finally, Summit X LLC grew its stake in shares of CrowdStrike by 939.6% during the fourth quarter. Summit X LLC now owns 7,423 shares of the company’s stock valued at $2,539,000 after buying an additional 6,709 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRWD. Truist Financial raised their target price on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. DA Davidson raised their target price on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a research note on Wednesday, November 27th. Robert W. Baird cut their target price on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Finally, Evercore ISI raised their price objective on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $398.78.

Insider Buying and Selling at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,217 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.14, for a total value of $4,017,256.38. Following the completion of the sale, the chief financial officer now directly owns 290,711 shares in the company, valued at $104,115,237.54. This represents a 3.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,815 shares of company stock valued at $36,730,624. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $353.73 on Monday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization 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 firm’s 50 day moving average price is $385.70 and its 200-day moving average price is $341.86. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59.

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.