Arrowroot Family Office LLC Takes $292,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Arrowroot Family Office LLC acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 853 shares of the company's stock, valued at approximately $292,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at $27,000. Fortitude Family Office LLC grew its stake in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the fourth quarter valued at approximately $34,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CRWD. Canaccord Genuity Group lifted their price target on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Stephens initiated coverage on CrowdStrike in a research note on Tuesday, April 1st. They set an "overweight" rating and a $450.00 price objective for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $420.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, KeyCorp reduced their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $403.20.

CrowdStrike Stock Up 0.7 %

NASDAQ CRWD traded up $2.89 during midday trading on Monday, hitting $443.47. 3,276,694 shares of the company traded hands, compared to its average volume of 5,059,926. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The company's 50-day simple moving average is $371.78 and its 200-day simple moving average is $366.34. The company has a market cap of $109.92 billion, a PE ratio of 869.57, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the sale, the director now directly owns 805,592 shares in the company, valued at $332,218,084.88. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,125 shares of company stock worth $53,208,049 over the last quarter. Insiders own 4.34% of the company's stock.

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.