Raymond James Financial Services Advisors Inc. Has $31.52 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 16.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 123,465 shares of the company’s stock after acquiring an additional 17,363 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.05% of CrowdStrike worth $31,523,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CVA Family Office LLC acquired a new position in shares of CrowdStrike during the 4th quarter valued at $26,000. Silver Oak Securities Incorporated acquired a new position in CrowdStrike during the third quarter worth $27,000. Global Trust Asset Management LLC raised its holdings in CrowdStrike by 106.0% during the fourth quarter. Global Trust Asset Management LLC now owns 206 shares of the company’s stock worth $53,000 after buying an additional 106 shares during the last quarter. Gradient Investments LLC raised its holdings in CrowdStrike by 1,818.2% during the third quarter. Gradient Investments LLC now owns 211 shares of the company’s stock worth $35,000 after buying an additional 200 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. acquired a new position in CrowdStrike during the fourth quarter worth $25,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Macquarie restated an “outperform” rating and set a $370.00 price objective on shares of CrowdStrike in a report on Tuesday, March 19th. Royal Bank of Canada upped their price objective on shares of CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Sanford C. Bernstein assumed coverage on shares of CrowdStrike in a report on Thursday, January 18th. They set an “outperform” rating and a $334.00 price objective on the stock. BTIG Research upped their price objective on shares of CrowdStrike from $322.00 to $432.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, TD Cowen upped their target price on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.29.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 14,815 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the completion of the sale, the insider now directly owns 235,850 shares in the company, valued at $76,851,722.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 237,667 shares of company stock valued at $72,822,280. 5.68% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 2.4 %

Shares of CrowdStrike stock opened at $322.25 on Thursday. CrowdStrike Holdings, Inc. has a 12-month low of $115.67 and a 12-month high of $365.00. The company has a market cap of $77.94 billion, a price-to-earnings ratio of 895.16, a PEG ratio of 13.18 and a beta of 1.06. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $314.16 and its 200-day moving average price is $246.80.

CrowdStrike Company 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.