Hollencrest Capital Management Has $286,000 Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Hollencrest Capital Management boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 21.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 837 shares of the company’s stock after buying an additional 149 shares during the period. Hollencrest Capital Management’s holdings in CrowdStrike were worth $286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CRWD. Jennison Associates LLC raised its holdings in shares of CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after purchasing an additional 712,900 shares during the period. Raymond James Financial Inc. acquired a new position in shares of CrowdStrike during the fourth quarter valued at about $237,375,000. Amundi raised its holdings in shares of CrowdStrike by 41.9% during the fourth quarter. Amundi now owns 1,382,952 shares of the company’s stock valued at $496,093,000 after purchasing an additional 408,190 shares during the period. Finally, State Street Corp raised its holdings in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Sentonas sold 10,801 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the sale, the president now owns 389,589 shares in the company, valued at $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,315 shares of company stock valued at $38,387,254. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 5.2 %

CRWD opened at $346.76 on Thursday. The company has a 50 day moving average of $386.10 and a 200 day moving average of $340.26. The company has a market cap of $85.41 billion, a PE ratio of 679.93, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Wall Street Analyst Weigh In

CRWD has been the topic of several research reports. Barclays dropped their price objective 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. Piper Sandler set a $347.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $440.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Needham & Company LLC restated a “buy” rating and issued a $420.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Susquehanna upped their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.78.

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.