Portland Global Advisors LLC Has $9.22 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Portland Global Advisors LLC decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,951 shares of the company’s stock after selling 95 shares during the period. CrowdStrike accounts for approximately 1.2% of Portland Global Advisors LLC’s portfolio, making the stock its 25th biggest position. Portland Global Advisors LLC’s holdings in CrowdStrike were worth $9,222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRWD. Empirical Asset Management LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at $11,310,000. Arcadia Investment Management Corp MI increased its position in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after buying an additional 2,814 shares during the last quarter. Greenleaf Trust raised its holdings in CrowdStrike by 53.4% during the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock valued at $1,015,000 after buying an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC lifted its position in shares of CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after buying an additional 8,561 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of CrowdStrike by 42.6% in the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock worth $15,263,000 after buying an additional 13,323 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 2,547 shares of CrowdStrike stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $365.96, for a total value of $932,100.12. Following the completion of the sale, the insider now directly owns 82,071 shares in the company, valued at $30,034,703.16. This trade represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurtz sold 22,449 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the completion of the transaction, the chief executive officer now directly owns 2,178,452 shares in the company, valued at $781,367,163.36. This trade represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,801 shares of company stock worth $42,092,255 over the last 90 days. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $357.11 on Friday. The firm has a 50 day simple moving average of $388.15 and a 200 day simple moving average of $348.82. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week 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 firm has a market cap of $88.52 billion, a P/E ratio of 700.23, a P/E/G ratio of 17.86 and a beta of 1.19.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Evercore ISI lifted their price target on shares of CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $450.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Raymond James cut shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday, March 10th. Finally, Jefferies Financial Group dropped their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $400.26.

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.