Stonebridge Capital Advisors LLC Boosts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Stonebridge Capital Advisors LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,117 shares of the company’s stock after buying an additional 62 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in CrowdStrike were worth $3,119,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new position in CrowdStrike in the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. raised its position in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares during the last quarter. Fortitude Family Office LLC lifted its stake in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the period. Crowley Wealth Management Inc. acquired a new stake in CrowdStrike during the fourth quarter worth approximately $34,000. Finally, Luken Investment Analytics LLC purchased a new stake in CrowdStrike in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares in the company, valued at approximately $248,984,702.72. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,375 shares of company stock worth $46,197,236. Insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CRWD. UBS Group decreased their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Raymond James cut CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday, March 10th. Stifel Nicolaus cut their price objective on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Evercore ISI raised their target price on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group dropped their price target on shares of CrowdStrike from $425.00 to $410.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.76.

CrowdStrike Stock Up 4.8 %

CRWD stock opened at $386.07 on Thursday. The stock has a market cap of $95.70 billion, a PE ratio of 757.02, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The firm’s 50-day simple moving average is $371.32 and its 200 day simple moving average is $359.55. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week 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.

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.