Creative Financial Designs Inc. ADV Purchases 306 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Creative Financial Designs Inc. ADV boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,963 shares of the company’s stock after acquiring an additional 306 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in CrowdStrike were worth $672,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empirical Asset Management LLC acquired a new position in shares of CrowdStrike in the 4th quarter worth approximately $11,310,000. 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 valued at $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 valued at $1,015,000 after purchasing an additional 1,033 shares during the last quarter. 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 valued at $3,066,000 after purchasing an additional 8,561 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in CrowdStrike by 42.6% in the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock valued at $15,263,000 after purchasing an additional 13,323 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CRWD. Cantor Fitzgerald reiterated an “overweight” rating and issued a $440.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Susquehanna boosted their target price on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research report on Wednesday, March 5th. Canaccord Genuity Group boosted their target price on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Barclays dropped their target price on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $450.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $398.78.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $363.15 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $385.73 and its two-hundred day moving average price is $343.12. The firm has a market capitalization of $89.45 billion, a price-to-earnings ratio of 712.07, a P/E/G 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.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the transaction, the director now owns 811,842 shares in the company, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 18,071 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total value of $6,500,138.70. Following the transaction, the chief executive officer now owns 2,159,935 shares in the company, valued at approximately $776,928,619.50. This trade represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,315 shares of company stock worth $38,319,124. Company insiders own 4.34% of the company’s stock.

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.