King Wealth Management Group Has $3.47 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

King Wealth Management Group raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.9% in the fourth quarter, Holdings Channel reports. The fund owned 10,144 shares of the company’s stock after buying an additional 741 shares during the quarter. King Wealth Management Group’s holdings in CrowdStrike were worth $3,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Berbice Capital Management LLC bought a new stake in CrowdStrike during the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC lifted its holdings in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the last quarter. FPC Investment Advisory Inc. boosted its position in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $34,000. Finally, Ashton Thomas Securities LLC bought a new position in CrowdStrike during the third quarter worth $38,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the transaction, the insider now directly owns 115,798 shares in the company, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock valued at $38,387,254 over the last ninety days. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CRWD shares. Rosenblatt Securities reissued a “buy” rating and issued a $450.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Canaccord Genuity Group upped their price target on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a report on Monday, March 3rd. CICC Research began coverage on CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective for the company. Finally, Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $398.78.

CrowdStrike Stock Performance

CrowdStrike stock opened at $332.53 on Friday. The company has a market cap of $81.91 billion, a PE ratio of 652.03, a PEG ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company’s 50-day moving average is $385.81 and its two-hundred day moving average is $340.21.

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.