CGN Advisors LLC Acquires 380 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CGN Advisors LLC increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of CrowdStrike by 18.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,532 shares of the company’s stock valued at $1,737,000 after buying an additional 691 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of CrowdStrike by 54.6% during the second quarter. Dimensional Fund Advisors LP now owns 286,183 shares of the company’s stock worth $109,670,000 after buying an additional 101,079 shares during the period. Axxcess Wealth Management LLC raised its holdings in shares of CrowdStrike by 86.9% in the second quarter. Axxcess Wealth Management LLC now owns 2,880 shares of the company’s stock valued at $1,104,000 after purchasing an additional 1,339 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in CrowdStrike by 35.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 16,186 shares of the company’s stock valued at $6,294,000 after purchasing an additional 4,222 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in CrowdStrike by 8.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,116 shares of the company’s stock valued at $3,110,000 after buying an additional 634 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $357.00 on Friday. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33. The stock has a market capitalization of $87.93 billion, a P/E ratio of 700.01, a PEG ratio of 18.55 and a beta of 1.14. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $355.86 and its 200 day moving average is $312.92.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the company’s 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 sale, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % 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 worth $38,935,113 over the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CRWD. Morgan Stanley increased their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Cantor Fitzgerald lifted their price objective on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Oppenheimer raised their price target on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. upped their target price on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, BNP Paribas started coverage on CrowdStrike in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $366.38.

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.