Gerber Kawasaki Wealth & Investment Management Has $1.29 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Gerber Kawasaki Wealth & Investment Management increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,759 shares of the company’s stock after purchasing an additional 463 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in CrowdStrike were worth $1,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Johnson Financial Group Inc. lifted its stake in shares of CrowdStrike by 4,485.7% in the 4th quarter. Johnson Financial Group Inc. now owns 321 shares of the company’s stock valued at $110,000 after acquiring an additional 314 shares during the last quarter. Virtus ETF Advisers LLC increased its holdings in CrowdStrike by 10.5% in the 4th quarter. Virtus ETF Advisers LLC now owns 3,818 shares of the company’s stock worth $1,306,000 after purchasing an additional 362 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in CrowdStrike by 10.3% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 169,270 shares of the company’s stock valued at $57,917,000 after purchasing an additional 15,751 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of CrowdStrike by 26.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,406 shares of the company’s stock valued at $1,507,000 after purchasing an additional 924 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth about $56,706,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 2.6 %

Shares of NASDAQ:CRWD opened at $424.88 on Friday. The stock has a market cap of $105.32 billion, a price-to-earnings ratio of 833.11, a PEG ratio of 17.86 and a beta of 1.28. The business’s 50 day moving average is $369.96 and its 200 day moving average is $361.78. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other CrowdStrike news, Director Johanna Flower sold 2,974 shares of CrowdStrike stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $362.48, for a total transaction of $1,078,015.52. Following the transaction, the director now owns 82,875 shares of the company’s stock, valued at $30,040,530. This trade represents a 3.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Sentonas sold 13,543 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the completion of the transaction, the president now owns 405,308 shares in the company, valued at $145,351,554.96. The trade was a 3.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 122,375 shares of company stock valued at $46,197,236 in the last three months. 4.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CRWD. DA Davidson boosted their target price on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Robert W. Baird reduced their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Morgan Stanley lowered their price objective on CrowdStrike from $429.00 to $415.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $400.76.

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.