Heck Capital Advisors LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Heck Capital Advisors LLC bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,834 shares of the company's stock, valued at approximately $628,000.

Several other large investors have also added to or reduced their stakes in CRWD. Vanguard Group Inc. increased its holdings in CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after buying an additional 342,294 shares during the period. Jennison Associates LLC increased its stake in CrowdStrike by 6.9% during the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after purchasing an additional 352,180 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank bought a new position in CrowdStrike during the fourth quarter worth about $1,111,542,000. Finally, Northern Trust Corp boosted its position in shares of CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after acquiring an additional 324,136 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 55,556 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the transaction, the chief executive officer now directly owns 2,192,610 shares of the company's stock, valued at $981,280,679.40. This represents a 2.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $469.00, for a total value of $4,690,000.00. Following the transaction, the director now directly owns 39,500 shares in the company, valued at $18,525,500. The trade was a 20.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 195,431 shares of company stock worth $79,162,548. Company insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CRWD shares. DZ Bank lowered shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price for the company. in a research report on Thursday, May 22nd. Wedbush upped their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Scotiabank reiterated a "sector perform" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Raymond James lowered shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a report on Monday, March 10th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $440.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $404.43.

CrowdStrike Price Performance

CRWD stock traded down $7.30 during mid-day trading on Thursday, hitting $461.53. 1,867,285 shares of the stock were exchanged, compared to its average volume of 5,112,666. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $475.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business has a fifty day moving average price of $400.84 and a 200 day moving average price of $382.00. The stock has a market capitalization of $114.40 billion, a price-to-earnings ratio of 906.55, a PEG ratio of 17.86 and a beta of 1.22.

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.