CGN Advisors LLC Increases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CGN Advisors LLC lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,604 shares of the company’s stock after purchasing an additional 380 shares during the period. CGN Advisors LLC’s holdings in CrowdStrike were worth $2,260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Stonekeep Investments LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $221,000. Howard Financial Services LTD. increased its position in CrowdStrike by 23.9% during the 4th quarter. Howard Financial Services LTD. now owns 2,065 shares of the company’s stock valued at $707,000 after purchasing an additional 398 shares during the period. Lake Street Private Wealth LLC raised its holdings in CrowdStrike by 2.7% in the 4th quarter. Lake Street Private Wealth LLC now owns 15,450 shares of the company’s stock worth $5,286,000 after purchasing an additional 413 shares in the last quarter. Arthur M. Cohen & Associates LLC increased its position in shares of CrowdStrike by 10.9% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 18,438 shares of the company’s stock valued at $6,309,000 after buying an additional 1,811 shares during the period. Finally, Brooklyn Investment Group raised its stake in CrowdStrike by 3.6% in the fourth quarter. Brooklyn Investment Group now owns 1,604 shares of the company’s stock worth $549,000 after buying an additional 55 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

CRWD opened at $357.00 on Friday. 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 business has a fifty day moving average of $355.86 and a 200 day moving average of $312.92. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The stock has a market cap of $87.93 billion, a P/E ratio of 700.01, a PEG ratio of 18.55 and a beta of 1.14.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of research analyst reports. Truist Financial upped their target price on CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Royal Bank of Canada upped their price target on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Wedbush set a $330.00 price target on shares of CrowdStrike in a research note on Thursday, October 17th. Robert W. Baird boosted their price objective on shares of CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, KeyCorp raised their target price on shares of CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. 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 issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $366.38.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now directly owns 811,842 shares of the company’s stock, valued at $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the transaction, the insider now owns 98,214 shares in the company, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,351 shares of company stock worth $38,935,113. Insiders own 4.34% of the company’s stock.

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.