Kennedy Investment Group Boosts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kennedy Investment Group boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,381 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Kennedy Investment Group’s holdings in CrowdStrike were worth $1,157,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CRWD. Northwestern Mutual Wealth Management Co. grew its stake in shares of CrowdStrike by 4.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 84,725 shares of the company’s stock valued at $32,465,000 after buying an additional 3,880 shares in the last quarter. Invst LLC purchased a new position in CrowdStrike in the second quarter valued at about $220,000. Quarry LP boosted its holdings in CrowdStrike by 275.0% in the second quarter. Quarry LP now owns 465 shares of the company’s stock valued at $178,000 after purchasing an additional 341 shares during the last quarter. Regal Investment Advisors LLC boosted its holdings in CrowdStrike by 4.0% in the second quarter. Regal Investment Advisors LLC now owns 3,156 shares of the company’s stock valued at $1,209,000 after purchasing an additional 122 shares during the last quarter. Finally, Gateway Wealth Partners LLC purchased a new position in CrowdStrike in the second quarter valued at about $239,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CRWD has been the subject of a number of analyst reports. KeyCorp increased their price target on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. CICC Research initiated coverage on CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 target price on the stock. Wells Fargo & Company increased their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Jefferies Financial Group increased their price target on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research report on Wednesday, November 27th. One equities 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 target price of $369.00.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the transaction, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This trade represents a 3.74 % 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 quarter. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $408.68 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $411.30. The stock has a market cap of $100.66 billion, a PE ratio of 801.35, a PEG ratio of 20.07 and a beta of 1.14. The firm’s fifty day moving average price is $359.26 and its two-hundred day moving average price is $311.39.

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.