Sonora Investment Management Group LLC Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sonora Investment Management Group LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.8% during the 4th quarter, HoldingsChannel reports. The fund owned 1,755 shares of the company’s stock after acquiring an additional 265 shares during the period. Sonora Investment Management Group LLC’s holdings in CrowdStrike were worth $600,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Synergy Financial Group LTD grew its stake in shares of CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after buying an additional 30 shares during the period. M3 Advisory Group LLC boosted its holdings in CrowdStrike by 2.8% in the fourth quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock valued at $407,000 after acquiring an additional 32 shares during the last quarter. Meridian Financial Partners LLC grew its position in CrowdStrike by 0.6% during the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after acquiring an additional 33 shares during the period. First Affirmative Financial Network increased its stake in CrowdStrike by 4.2% during the fourth quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock worth $278,000 after acquiring an additional 33 shares during the last quarter. Finally, Sunpointe LLC raised its holdings in shares of CrowdStrike by 3.1% in the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after purchasing an additional 34 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction 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 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 SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 816,730 shares of the company’s stock, valued at $261,745,630.40. This represents a 0.61 % decrease in their position. 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. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $396.87 on Friday. The business’s 50-day simple moving average is $361.31 and its 200-day simple moving average is $312.25. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $411.30. 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 firm has a market cap of $97.75 billion, a price-to-earnings ratio of 778.19, a P/E/G ratio of 21.08 and a beta of 1.14.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Evercore ISI boosted their target price on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Morgan Stanley boosted their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Piper Sandler raised their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group boosted their price target on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $369.00.

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.