Prakash Investment Advisors LLC Invests $2.58 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Prakash Investment Advisors LLC acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,550 shares of the company’s stock, valued at approximately $2,583,000. CrowdStrike accounts for approximately 2.5% of Prakash Investment Advisors LLC’s investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank acquired a new stake in CrowdStrike in the 3rd quarter valued at $337,000. Private Advisor Group LLC grew its stake in CrowdStrike by 51.2% in the 3rd quarter. Private Advisor Group LLC now owns 49,296 shares of the company’s stock valued at $13,826,000 after acquiring an additional 16,685 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new stake in CrowdStrike in the 3rd quarter valued at $246,000. MFA Wealth Advisors LLC grew its stake in CrowdStrike by 578.4% in the 3rd quarter. MFA Wealth Advisors LLC now owns 12,957 shares of the company’s stock valued at $3,634,000 after acquiring an additional 11,047 shares during the period. Finally, Capital Investment Counsel Inc grew its stake in CrowdStrike by 2.9% in the 3rd quarter. Capital Investment Counsel Inc now owns 1,800 shares of the company’s stock valued at $505,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Down 3.1 %

Shares of NASDAQ:CRWD opened at $436.14 on Friday. 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 capitalization of $107.43 billion, a PE ratio of 855.19, a price-to-earnings-growth ratio of 18.65 and a beta of 1.16. The firm’s 50-day moving average is $383.99 and its two-hundred day moving average is $328.39. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59.

Analyst Ratings Changes

CRWD has been the topic of several recent research reports. Barclays lifted their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Bank of America lifted their target price on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. BMO Capital Markets lifted their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Citigroup lifted their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, Morgan Stanley lifted their target price on shares of CrowdStrike from $390.00 to $429.00 and gave the stock an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $379.73.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is currently owned by corporate insiders.

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.