Advisory Resource Group Sells 797 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Advisory Resource Group lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,228 shares of the company’s stock after selling 797 shares during the quarter. Advisory Resource Group’s holdings in CrowdStrike were worth $1,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Berbice Capital Management LLC bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC lifted its position in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares in the last quarter. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $28,000. Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $34,000. Finally, Tsfg LLC raised its holdings in shares of CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CRWD shares. Oppenheimer lifted their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. KeyCorp lifted their price target on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Rosenblatt Securities lifted their price target on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Morgan Stanley lifted their price target on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Needham & Company LLC lifted their price target on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $370.00.

CrowdStrike Stock Performance

CrowdStrike stock opened at $421.59 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 company has a market capitalization of $103.84 billion, a PE ratio of 826.66, a P/E/G ratio of 17.22 and a beta of 1.16. The firm has a fifty day simple moving average of $368.52 and a two-hundred day simple moving average of $315.96. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $431.33.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction dated 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. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,565 shares of company stock valued at $39,898,614 over the last three months. 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.