Prosperity Wealth Management Inc. Purchases 1,070 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Prosperity Wealth Management Inc. raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 103.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,109 shares of the company’s stock after buying an additional 1,070 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in CrowdStrike were worth $722,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. AGF Management Ltd. bought a new position in CrowdStrike in the 4th quarter valued at about $410,000. Founders Financial Alliance LLC increased its holdings in CrowdStrike by 60.9% in the 4th quarter. Founders Financial Alliance LLC now owns 2,376 shares of the company’s stock valued at $813,000 after buying an additional 899 shares during the period. Miller Financial Services LLC bought a new position in CrowdStrike in the 4th quarter valued at about $1,516,000. Citizens Financial Group Inc. RI increased its holdings in CrowdStrike by 2.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,077 shares of the company’s stock valued at $711,000 after buying an additional 41 shares during the period. Finally, Sage Mountain Advisors LLC bought a new position in CrowdStrike in the 4th quarter valued at about $237,000. 71.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CRWD shares. JPMorgan Chase & Co. lifted their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Barclays decreased their price target on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. CICC Research started coverage on shares of CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 price target on the stock. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Truist Financial lifted their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $398.78.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the sale, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the sale, the insider now directly owns 115,798 shares in the company, 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. In the last ninety days, insiders have sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is owned by insiders.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $329.75 on Wednesday. The company’s 50-day moving average is $386.01 and its 200 day moving average is $340.21. 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 company has a market capitalization of $81.22 billion, a P/E ratio of 646.58, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two 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.