Fifth Third Wealth Advisors LLC Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fifth Third Wealth Advisors LLC increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,894 shares of the company’s stock after buying an additional 173 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in CrowdStrike were worth $5,096,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC bought a new position in shares of CrowdStrike during the 2nd quarter worth $104,000. Wealthspire Advisors LLC boosted its position in shares of CrowdStrike by 9.8% in the second quarter. Wealthspire Advisors LLC now owns 1,272 shares of the company’s stock valued at $487,000 after acquiring an additional 114 shares during the period. Envestnet Asset Management Inc. increased its holdings in CrowdStrike by 6.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 339,137 shares of the company’s stock worth $129,954,000 after acquiring an additional 21,590 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in CrowdStrike by 18.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,532 shares of the company’s stock worth $1,737,000 after purchasing an additional 691 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in CrowdStrike by 54.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 286,183 shares of the company’s stock valued at $109,670,000 after purchasing an additional 101,079 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

NASDAQ CRWD opened at $348.04 on Wednesday. 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 firm has a market capitalization of $85.73 billion, a P/E ratio of 682.44, a PEG ratio of 19.75 and a beta of 1.11. The company has a 50-day moving average price of $353.83 and a 200-day moving average price of $312.46. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33.

Analyst Ratings Changes

A number of equities analysts have weighed in on CRWD shares. Cantor Fitzgerald upped their target price on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Barclays lifted their price target on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada boosted their target price on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $365.88.

Insider Transactions at CrowdStrike

In other news, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now owns 816,730 shares in the company, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,351 shares of company stock worth $37,515,473 in the last three months. 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.