CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,363 shares of the company’s stock after acquiring an additional 665 shares during the period. HighPoint Advisor Group LLC’s holdings in CrowdStrike were worth $4,914,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jacobi Capital Management LLC increased its holdings in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after purchasing an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after buying an additional 27 shares in the last quarter. Wintrust Investments LLC raised its holdings in shares of CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after buying an additional 29 shares during the period. Synergy Financial Group LTD lifted its position in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after acquiring an additional 30 shares in the last quarter. Finally, Greenwich Wealth Management LLC boosted its holdings in CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several analyst reports. Canaccord Genuity Group upped their target price on shares of CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Citigroup reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Truist Financial increased their price target on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Mizuho increased their target price on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $400.26.

CrowdStrike Stock Performance

Shares of CRWD opened at $357.11 on Monday. 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 $88.52 billion, a PE ratio of 700.23, a P/E/G ratio of 17.86 and a beta of 1.19. The firm has a 50-day moving average price of $388.15 and a 200 day moving average price of $349.49. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 2,547 shares of the firm’s 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 owns 82,071 shares of the company’s stock, 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 filing with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 13,543 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now owns 405,308 shares in the company, valued at approximately $145,351,554.96. This trade represents a 3.23 % decrease in their ownership of the stock. 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 quarter. 4.34% of the stock is currently owned by company insiders.

CrowdStrike 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.