Cutter & CO Brokerage Inc. Purchases New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cutter & CO Brokerage Inc. purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 623 shares of the company’s stock, valued at approximately $213,000.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the period. Jennison Associates LLC increased its stake in shares of CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after acquiring an additional 352,180 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CrowdStrike by 2.0% during the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after acquiring an additional 97,990 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of CrowdStrike by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock worth $440,461,000 after purchasing an additional 171,861 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in CrowdStrike by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock valued at $379,895,000 after acquiring an additional 20,899 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group lifted their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. Hsbc Global Res downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Oppenheimer lifted their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird restated a “neutral” rating and set a $430.00 price target (up from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $387.08.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now directly owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,565 shares of company stock worth $51,038,529 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 3.9 %

CRWD opened at $394.56 on Thursday. The firm’s fifty day moving average is $385.81 and its two-hundred day moving average is $333.53. The firm has a market cap of $97.18 billion, a PE ratio of 773.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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.