Cornerstone Select Advisors LLC Acquires Shares of 2,236 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cornerstone Select Advisors LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,236 shares of the company's stock, valued at approximately $765,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CWA Asset Management Group LLC raised its stake in shares of CrowdStrike by 8.5% in the 4th quarter. CWA Asset Management Group LLC now owns 2,437 shares of the company's stock valued at $834,000 after purchasing an additional 190 shares in the last quarter. Bank of New Hampshire raised its stake in CrowdStrike by 14.5% during the fourth quarter. Bank of New Hampshire now owns 4,111 shares of the company's stock valued at $1,407,000 after buying an additional 520 shares in the last quarter. Regent Peak Wealth Advisors LLC acquired a new position in shares of CrowdStrike in the 4th quarter worth approximately $212,000. Fulton Bank N.A. increased its holdings in shares of CrowdStrike by 3.2% in the 4th quarter. Fulton Bank N.A. now owns 2,211 shares of the company's stock valued at $757,000 after acquiring an additional 68 shares during the last quarter. Finally, Fortitude Family Office LLC raised its position 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 acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

CRWD has been the subject of several recent research reports. Scotiabank reiterated a "sector perform" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Stephens started coverage on shares of CrowdStrike in a research note on Tuesday, April 1st. They set an "overweight" rating and a $450.00 price objective on the stock. Raymond James lowered CrowdStrike from an "outperform" rating to a "cautious" rating in a research report on Monday, March 10th. Wells Fargo & Company boosted their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Finally, DA Davidson increased their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $403.20.

CrowdStrike Trading Down 0.1 %

Shares of NASDAQ CRWD opened at $443.21 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The business has a 50-day moving average price of $374.02 and a two-hundred day moving average price of $367.80. The firm has a market capitalization of $109.86 billion, a PE ratio of 869.06, a PEG ratio of 17.86 and a beta of 1.22.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 7,880 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $427.59, for a total value of $3,369,409.20. Following the transaction, the director now owns 797,712 shares in the company, valued at approximately $341,093,674.08. This represents a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike 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 completion of the sale, the insider now owns 94,214 shares of the company's stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 214,431 shares of company stock worth $86,974,223. 4.34% of the stock is owned by company insiders.

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.

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