CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 28,582 shares of the company's stock after purchasing an additional 658 shares during the period. Beacon Pointe Advisors LLC's holdings in CrowdStrike were worth $9,780,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of research analyst reports. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Robert W. Baird dropped their target price on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. Morgan Stanley reduced their price target on shares of CrowdStrike from $429.00 to $415.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Wedbush upped their target price on CrowdStrike from $390.00 to $395.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $400.76.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 13,543 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $4,856,790.66. Following the transaction, the president now owns 405,308 shares of the company's stock, valued at $145,351,554.96. This represents a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 132,875 shares of company stock valued at $50,491,736. Insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded down $2.12 during midday trading on Wednesday, hitting $428.87. The stock had a trading volume of 3,074,260 shares, compared to its average volume of 5,064,012. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year 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. The stock has a 50 day simple moving average of $369.76 and a 200-day simple moving average of $363.75. The company has a market capitalization of $106.31 billion, a PE ratio of 840.94, a P/E/G ratio of 17.86 and a beta of 1.28.

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.