SageView Advisory Group LLC Buys 299 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SageView Advisory Group LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 23.2% in the 4th quarter, Holdings Channel reports. The fund owned 1,587 shares of the company’s stock after acquiring an additional 299 shares during the quarter. SageView Advisory Group LLC’s holdings in CrowdStrike were worth $543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRWD. Jacobi Capital Management LLC raised its stake in shares of CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after purchasing an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after buying an additional 27 shares during the last quarter. Wintrust Investments LLC lifted its stake in CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after acquiring an additional 29 shares in the last quarter. Greenwich Wealth Management LLC boosted its position in CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after acquiring an additional 30 shares during the last quarter. Finally, Altman Advisors Inc. grew its stake in shares of CrowdStrike by 0.5% during the 4th quarter. Altman Advisors Inc. now owns 6,623 shares of the company’s stock worth $2,266,000 after acquiring an additional 31 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CRWD shares. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Stephens initiated coverage on CrowdStrike in a report on Tuesday, April 1st. They issued an “overweight” rating and a $450.00 price objective for the company. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Truist Financial lowered their price target on CrowdStrike from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $420.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $400.88.

CrowdStrike Stock Performance

CrowdStrike stock opened at $378.66 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $93.86 billion, a PE ratio of 742.49, a P/E/G ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The business’s 50-day moving average price is $379.36 and its two-hundred day moving average price is $355.99.

Insider Activity at CrowdStrike

In other news, CFO Burt W. Podbere sold 13,529 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.10, for a total transaction of $4,844,734.90. Following the sale, the chief financial officer now directly owns 244,739 shares of the company’s stock, valued at approximately $87,641,035.90. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This represents a 3.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,801 shares of company stock valued at $45,553,642. 4.34% of the stock is owned by 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.