Truvestments Capital LLC Buys 69 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Truvestments Capital LLC increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 995 shares of the company’s stock after purchasing an additional 69 shares during the period. Truvestments Capital LLC’s holdings in CrowdStrike were worth $340,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Empirical Asset Management LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $11,310,000. Sumitomo Mitsui Trust Group Inc. raised its position in CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares during the last quarter. Arcadia Investment Management Corp MI raised its position in CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after purchasing an additional 2,814 shares during the last quarter. Greenleaf Trust raised its position in CrowdStrike by 53.4% in the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Trifecta Capital Advisors LLC raised its position in CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after purchasing an additional 8,561 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In related news, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the sale, the president now directly owns 389,589 shares in the company, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock worth $38,387,254 in the last three months. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $450.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Piper Sandler set a $347.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. UBS Group dropped their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Baird R W cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Wedbush upped their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $398.78.

CrowdStrike Trading Up 5.2 %

CrowdStrike stock opened at $346.76 on Thursday. The firm has a 50-day moving average of $386.10 and a 200-day moving average of $340.26. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $85.41 billion, a price-to-earnings ratio of 679.93, a P/E/G ratio of 17.86 and a beta of 1.19.

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.