Centric Wealth Management Invests $1.47 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Centric Wealth Management acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,297 shares of the company’s stock, valued at approximately $1,470,000.

Other large investors have also added to or reduced their stakes in the company. Boston Family Office LLC boosted its stake in shares of CrowdStrike by 4.7% during the 4th quarter. Boston Family Office LLC now owns 2,385 shares of the company’s stock worth $816,000 after buying an additional 107 shares during the last quarter. Geode Capital Management LLC raised its holdings in CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Nemes Rush Group LLC boosted its position in CrowdStrike by 399.8% during the fourth quarter. Nemes Rush Group LLC now owns 33,474 shares of the company’s stock valued at $11,453,000 after purchasing an additional 26,777 shares during the last quarter. Mosaic Financial Group LLC acquired a new position in CrowdStrike during the fourth quarter valued at approximately $296,000. Finally, HighPoint Advisor Group LLC increased its position in shares of CrowdStrike by 4.9% during the 4th quarter. HighPoint Advisor Group LLC now owns 14,363 shares of the company’s stock worth $4,914,000 after purchasing an additional 665 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CRWD shares. Robert W. Baird cut their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. UBS Group cut their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Susquehanna raised their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a research report 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. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $399.62.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,141 shares of CrowdStrike stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $371.79, for a total value of $796,002.39. Following the transaction, the chief accounting officer now owns 34,024 shares in the company, valued at $12,649,782.96. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 2,547 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $365.96, for a total transaction of $932,100.12. Following the completion of the transaction, the insider now directly owns 82,071 shares of the company’s stock, valued at $30,034,703.16. This trade represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,801 shares of company stock valued at $42,092,255. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 1.3 %

Shares of CRWD opened at $352.58 on Tuesday. The firm has a 50 day simple moving average of $388.06 and a two-hundred day simple moving average of $350.16. The company has a market cap of $87.40 billion, a P/E ratio of 691.35, a P/E/G ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year 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.

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.