Cary Street Partners Financial LLC Acquires New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cary Street Partners Financial LLC purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,153 shares of the company's stock, valued at approximately $3,132,000.

A number of other hedge funds have also modified their holdings of the stock. FSA Wealth Management LLC boosted its holdings in shares of CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after buying an additional 23 shares during the period. Jacobi Capital Management LLC grew its stake in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after acquiring an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after purchasing an additional 27 shares during the last quarter. Wintrust Investments LLC boosted its holdings 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 purchasing an additional 29 shares during the period. Finally, Greenwich Wealth Management LLC grew its position in CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after purchasing an additional 30 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Burt W. Podbere sold 16,000 shares of CrowdStrike stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the sale, the chief financial officer now directly owns 249,653 shares of the company's stock, valued at approximately $109,068,402.64. The trade was a 6.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction 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 approximately $12,969,492.30. The trade was a 3.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 214,431 shares of company stock worth $86,974,223 over the last three months. Insiders own 4.34% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CRWD shares. JMP Securities raised their price target on CrowdStrike from $400.00 to $500.00 and gave the company a "market outperform" rating in a report on Monday. Barclays lowered their price objective on CrowdStrike from $506.00 to $475.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Canaccord Genuity Group upped their target price on shares of CrowdStrike from $370.00 to $420.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. boosted their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, Raymond James cut shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $403.20.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $6.11 on Thursday, reaching $428.63. 3,616,347 shares of the stock were exchanged, compared to its average volume of 5,082,139. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market cap of $106.25 billion, a PE ratio of 840.47, a P/E/G ratio of 17.86 and a beta of 1.22. The firm's 50 day moving average is $374.68 and its 200-day moving average is $368.18. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59.

CrowdStrike 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.