Redmond Asset Management LLC Has $963,000 Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Redmond Asset Management LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 24.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,815 shares of the company’s stock after purchasing an additional 544 shares during the period. Redmond Asset Management LLC’s holdings in CrowdStrike were worth $963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $27,000. Fortitude Family Office LLC grew its stake in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the last quarter. Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $34,000. Princeton Global Asset Management LLC grew its stake in shares of CrowdStrike by 240.0% in the third quarter. Princeton Global Asset Management LLC now owns 136 shares of the company’s stock worth $38,000 after acquiring an additional 96 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of CrowdStrike in the third quarter worth $38,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Truist Financial raised their target price on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Mizuho raised their target price on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a research report on Wednesday, November 27th. Wells Fargo & Company raised their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Stifel Nicolaus raised their target price on CrowdStrike from $400.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $383.08.

CrowdStrike Price Performance

CrowdStrike stock opened at $406.61 on Friday. The firm has a market capitalization of $100.15 billion, a P/E ratio of 797.30, a PEG ratio of 18.44 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The business has a 50-day moving average of $384.76 and a 200-day moving average of $329.67. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated 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 transaction, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is currently owned by company insiders.

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.