Mission Wealth Management LP Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mission Wealth Management LP boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,248 shares of the company’s stock after purchasing an additional 837 shares during the period. Mission Wealth Management LP’s holdings in CrowdStrike were worth $4,191,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Focus Financial Network Inc. raised its position in CrowdStrike by 3.4% during the third quarter. Focus Financial Network Inc. now owns 2,442 shares of the company’s stock valued at $685,000 after acquiring an additional 81 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of CrowdStrike by 50.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,657 shares of the company’s stock valued at $465,000 after purchasing an additional 552 shares in the last quarter. Americana Partners LLC increased its holdings in shares of CrowdStrike by 19.6% during the 3rd quarter. Americana Partners LLC now owns 1,152 shares of the company’s stock valued at $323,000 after purchasing an additional 189 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of CrowdStrike by 53.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,206 shares of the company’s stock valued at $1,180,000 after purchasing an additional 1,464 shares during the period. Finally, Princeton Global Asset Management LLC boosted its holdings in CrowdStrike by 240.0% during the third quarter. Princeton Global Asset Management LLC now owns 136 shares of the company’s stock worth $38,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares in the company, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,565 shares of company stock valued at $40,570,629 in the last three months. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $389.66 on Monday. The company has a market cap of $95.98 billion, a price-to-earnings ratio of 764.05, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a fifty day simple moving average of $386.94 and a two-hundred day simple moving average of $336.06.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CRWD shares. Cantor Fitzgerald upped their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Robert W. Baird reaffirmed a “neutral” rating and issued a $430.00 price target (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Wells Fargo & Company increased their price target on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Piper Sandler boosted their price objective on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Truist Financial increased their target price on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $389.50.

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.