Congress Wealth Management LLC DE Has $489,000 Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Congress Wealth Management LLC DE grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,429 shares of the company’s stock after purchasing an additional 67 shares during the period. Congress Wealth Management LLC DE’s holdings in CrowdStrike were worth $489,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. CMC Financial Group acquired a new stake in CrowdStrike during the fourth quarter worth about $230,000. Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Vanguard Group Inc. increased its position in shares of CrowdStrike by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after purchasing an additional 342,294 shares during the period. LPL Financial LLC raised its stake in shares of CrowdStrike by 6.0% in the fourth quarter. LPL Financial LLC now owns 456,821 shares of the company’s stock valued at $156,306,000 after purchasing an additional 26,000 shares in the last quarter. Finally, Optimum Investment Advisors lifted its position in CrowdStrike by 33.0% in the fourth quarter. Optimum Investment Advisors now owns 266 shares of the company’s stock worth $91,000 after purchasing an additional 66 shares during the period. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CRWD shares. UBS Group lowered their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Raymond James cut shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research note on Monday, March 10th. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Susquehanna upped their price objective on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research note on Wednesday, March 5th. Finally, KeyCorp cut their target price on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $400.26.

CrowdStrike Stock Performance

CrowdStrike stock opened at $357.11 on Friday. 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 $388.15 and its two-hundred day moving average is $348.12. 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 $88.52 billion, a PE ratio of 700.23, a PEG ratio of 17.86 and a beta of 1.19.

Insider Activity at CrowdStrike

In related news, CEO George Kurtz sold 22,449 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.68, for a total value of $8,052,007.32. Following the completion of the sale, the chief executive officer now owns 2,178,452 shares in the company, valued at approximately $781,367,163.36. This represents a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,801 shares of company stock worth $42,092,255 over the last ninety days. Company insiders own 4.34% of the company’s stock.

About CrowdStrike

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.