Corps Capital Advisors LLC Acquires Shares of 6,033 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Corps Capital Advisors LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, HoldingsChannel reports. The fund bought 6,033 shares of the company’s stock, valued at approximately $2,064,000. CrowdStrike accounts for about 2.1% of Corps Capital Advisors LLC’s holdings, making the stock its 11th biggest holding.

Other hedge funds have also made changes to their positions in the company. Castleview Partners LLC acquired a new stake in shares of CrowdStrike during the third quarter worth approximately $32,000. Telos Capital Management Inc. bought a new stake in CrowdStrike during the 3rd quarter worth approximately $505,000. Oakworth Capital Inc. bought a new stake in CrowdStrike during the 3rd quarter worth approximately $28,000. Calton & Associates Inc. acquired a new stake in CrowdStrike during the 3rd quarter valued at $382,000. Finally, Eastern Bank bought a new position in CrowdStrike in the 3rd quarter valued at $337,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CRWD shares. Truist Financial raised their target price on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Bank of America raised their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Robert W. Baird reiterated a “neutral” rating and set a $430.00 target price (up from $390.00) on shares of CrowdStrike in a research report on Monday, February 3rd. 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. Finally, Wells Fargo & Company upped their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $379.73.

Insider Transactions at CrowdStrike

In other news, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now owns 42,391 shares in the company, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,565 shares of company stock valued at $51,038,529 in the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Down 1.1 %

Shares of CrowdStrike stock opened at $450.14 on Thursday. The firm has a market cap of $110.87 billion, a PE ratio of 882.64, a P/E/G ratio of 18.50 and a beta of 1.16. The business’s 50 day simple moving average is $382.58 and its 200 day simple moving average is $327.63. 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 52-week low of $200.81 and a 52-week high of $455.59.

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.