SPC Financial Inc. Raises Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SPC Financial Inc. lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 43.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,070 shares of the company’s stock after buying an additional 325 shares during the quarter. SPC Financial Inc.’s holdings in CrowdStrike were worth $366,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. M&T Bank Corp boosted its stake in CrowdStrike by 11.0% in the 4th quarter. M&T Bank Corp now owns 28,697 shares of the company’s stock worth $9,819,000 after purchasing an additional 2,839 shares in the last quarter. Assetmark Inc. boosted its stake in CrowdStrike by 69.5% in the 4th quarter. Assetmark Inc. now owns 522 shares of the company’s stock worth $179,000 after purchasing an additional 214 shares in the last quarter. Abbot Financial Management Inc. boosted its stake in CrowdStrike by 4.6% in the 4th quarter. Abbot Financial Management Inc. now owns 2,432 shares of the company’s stock worth $832,000 after purchasing an additional 107 shares in the last quarter. Laffer Tengler Investments Inc. boosted its stake in CrowdStrike by 23.2% in the 4th quarter. Laffer Tengler Investments Inc. now owns 8,790 shares of the company’s stock worth $3,008,000 after purchasing an additional 1,653 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in CrowdStrike by 14.7% in the 4th quarter. Victory Capital Management Inc. now owns 292,640 shares of the company’s stock worth $100,130,000 after purchasing an additional 37,446 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $365.44 on Thursday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The firm has a market capitalization of $90.01 billion, a price-to-earnings ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19. The company has a fifty day simple moving average of $387.84 and a 200-day simple moving average of $338.02. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wedbush lifted their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research note on Wednesday. Raymond James reiterated an “outperform” rating and issued a $390.00 target price (up from $360.00) on shares of CrowdStrike in a research note on Wednesday. DA Davidson lifted their target price on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday. Jefferies Financial Group decreased their price objective on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets lifted their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $400.10.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction 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 sale, the director now directly owns 811,842 shares of the company’s stock, valued at $280,613,187.30. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,387,254 over the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

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.