Investment Partners LTD. Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Investment Partners LTD. bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,636 shares of the company’s stock, valued at approximately $524,000.

Other large investors have also modified their holdings of the company. CHURCHILL MANAGEMENT Corp acquired a new position in CrowdStrike during the fourth quarter worth $1,228,000. Financial Counselors Inc. grew its stake in shares of CrowdStrike by 3.9% in the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after buying an additional 50 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its stake in CrowdStrike by 17.1% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after purchasing an additional 23,265 shares during the period. Highland Capital Management LLC lifted its position in shares of CrowdStrike by 0.6% during the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after purchasing an additional 181 shares in the last quarter. Finally, Sara Bay Financial purchased a new position in shares of CrowdStrike in the fourth quarter valued at approximately $255,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the sale, the chief executive officer now directly owns 1,146,048 shares in the company, valued at $348,868,471.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the transaction, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 273,675 shares of company stock worth $92,085,172. 4.34% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CRWD shares. Barclays increased their price target on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Wedbush reduced their price objective on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, June 5th. Truist Financial lifted their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. lifted their target price on CrowdStrike from $371.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th. Finally, Rosenblatt Securities upped their target price on CrowdStrike from $415.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. One research analyst has rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $380.62.

CrowdStrike Trading Up 0.5 %

NASDAQ:CRWD traded up $1.77 during trading hours on Friday, reaching $389.06. 810,693 shares of the company were exchanged, compared to its average volume of 4,131,839. The firm has a market cap of $94.68 billion, a price-to-earnings ratio of 737.47, a PEG ratio of 19.04 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a 50 day simple moving average of $337.67 and a 200 day simple moving average of $312.01. CrowdStrike Holdings, Inc. has a 52-week low of $139.37 and a 52-week high of $394.64.

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.