Investment House LLC Increases Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Investment House LLC lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,010 shares of the company’s stock after purchasing an additional 160 shares during the period. Investment House LLC’s holdings in CrowdStrike were worth $10,610,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Empirical Asset Management LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $11,310,000. Arcadia Investment Management Corp MI raised its stake in CrowdStrike by 30.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after buying an additional 2,814 shares in the last quarter. Greenleaf Trust raised its stake in CrowdStrike by 53.4% in the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after buying an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC raised its stake in CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after buying an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in CrowdStrike by 42.6% in the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock worth $15,263,000 after buying an additional 13,323 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $363.15 on Wednesday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. 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 $89.45 billion, a PE ratio of 712.07, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock’s 50-day moving average price is $385.73 and its 200-day moving average price is $343.12.

Insider Activity

In related news, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the sale, the director now directly owns 780,592 shares in the company, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares in the company, valued at approximately $31,669,042. The trade was a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock worth $38,319,124 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Susquehanna boosted their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research note on Wednesday, March 5th. Bank of America boosted their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group reduced their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $398.78.

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.