Oak Harvest Investment Services Invests $2.60 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Oak Harvest Investment Services bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,588 shares of the company’s stock, valued at approximately $2,596,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its stake in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares in the last quarter. Jennison Associates LLC boosted its stake in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. Geode Capital Management LLC grew its position in CrowdStrike by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after purchasing an additional 97,990 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in CrowdStrike by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock valued at $440,461,000 after purchasing an additional 171,861 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of CrowdStrike by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock valued at $379,895,000 after purchasing an additional 20,899 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the sale, the president now directly owns 389,589 shares of the company’s stock, valued at $139,655,968.83. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares in the company, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock valued at $38,935,113 in the last ninety days. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $396.87 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 fifty-two week low of $200.81 and a fifty-two week high of $411.30. The firm has a market cap of $97.75 billion, a price-to-earnings ratio of 778.19, a price-to-earnings-growth ratio of 21.08 and a beta of 1.14. The business has a 50-day simple moving average of $361.31 and a two-hundred day simple moving average of $312.25.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Rosenblatt Securities upped their price target on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Evercore ISI boosted their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Oppenheimer increased their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC upped their price target on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $369.00.

CrowdStrike 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.