PKS Advisory Services LLC Acquires New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

PKS Advisory Services LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 680 shares of the company’s stock, valued at approximately $233,000.

A number of other hedge funds have also added to or reduced their stakes in CRWD. Signature Estate & Investment Advisors LLC grew its stake in CrowdStrike by 1.9% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 59,828 shares of the company’s stock valued at $20,471,000 after acquiring an additional 1,100 shares in the last quarter. TIAA Trust National Association boosted its holdings in CrowdStrike by 2.7% in the 4th quarter. TIAA Trust National Association now owns 96,562 shares of the company’s stock valued at $33,040,000 after purchasing an additional 2,584 shares during the period. FineMark National Bank & Trust grew its position in shares of CrowdStrike by 27.9% during the 4th quarter. FineMark National Bank & Trust now owns 2,278 shares of the company’s stock valued at $779,000 after purchasing an additional 497 shares in the last quarter. Princeton Capital Management LLC increased its holdings in shares of CrowdStrike by 1.9% in the fourth quarter. Princeton Capital Management LLC now owns 35,889 shares of the company’s stock worth $12,280,000 after purchasing an additional 663 shares during the period. Finally, EFG Asset Management North America Corp. raised its position in shares of CrowdStrike by 8.8% in the fourth quarter. EFG Asset Management North America Corp. now owns 8,382 shares of the company’s stock worth $2,867,000 after buying an additional 681 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 3.3 %

Shares of CrowdStrike stock opened at $384.95 on Wednesday. The company’s fifty day simple moving average is $387.90 and its two-hundred day simple moving average is $347.04. 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. The company has a market cap of $95.42 billion, a P/E ratio of 754.82, a PEG ratio of 17.86 and a beta of 1.19.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. DA Davidson boosted their target price on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Piper Sandler set a $347.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Rosenblatt Securities reissued a “buy” rating and issued a $450.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Canaccord Genuity Group raised their price objective on shares of CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $400.26.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,858 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the completion of the transaction, the chief accounting officer now owns 38,201 shares in the company, valued at approximately $13,916,242.29. This represents a 6.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Burt W. Podbere sold 13,529 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.10, for a total transaction of $4,844,734.90. Following the sale, the chief financial officer now owns 244,739 shares in the company, valued at approximately $87,641,035.90. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,659 shares of company stock worth $43,133,396 over the last 90 days. 4.34% of the stock is owned by company insiders.

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.