Crescent Grove Advisors LLC Purchases 458 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Crescent Grove Advisors LLC grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 59.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,223 shares of the company’s stock after purchasing an additional 458 shares during the quarter. Crescent Grove Advisors LLC’s holdings in CrowdStrike were worth $418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of CRWD. Synergy Financial Group LTD boosted its position in shares of CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after acquiring an additional 30 shares during the last quarter. Meridian Financial Partners LLC boosted its position in shares of CrowdStrike by 0.6% during the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock worth $1,914,000 after acquiring an additional 33 shares during the last quarter. Sunpointe LLC boosted its position in shares of CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after acquiring an additional 34 shares during the last quarter. Hilltop Holdings Inc. boosted its position in shares of CrowdStrike by 1.8% during the third quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after acquiring an additional 34 shares during the last quarter. Finally, Interchange Capital Partners LLC lifted its position in CrowdStrike by 1.1% during the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after purchasing an additional 39 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research reports. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research report on Thursday, October 17th. Canaccord Genuity Group reiterated a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. Evercore ISI increased 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 price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.00.

CrowdStrike Stock Down 0.7 %

NASDAQ:CRWD opened at $374.92 on Monday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The stock has a market capitalization of $92.35 billion, a P/E ratio of 735.15, a P/E/G ratio of 20.07 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company’s 50-day simple moving average is $358.65 and its 200-day simple moving average is $311.81.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now directly owns 120,298 shares in the company, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 29th. The stock was 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 of the company’s stock, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,351 shares of company stock worth $38,935,113. Corporate insiders own 4.34% of the company’s stock.

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.