Strive Asset Management LLC Invests $870,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Strive Asset Management 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 disclosure with the Securities & Exchange Commission. The firm bought 2,542 shares of the company's stock, valued at approximately $870,000.

Other large investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC lifted its holdings in CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after acquiring an additional 23 shares during the period. Jacobi Capital Management LLC grew its position in CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after acquiring an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after purchasing an additional 27 shares during the period. Wintrust Investments LLC grew its position in shares of CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after buying an additional 29 shares during the last quarter. Finally, Greenwich Wealth Management LLC lifted its stake in CrowdStrike by 4.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the transaction, the insider now owns 89,714 shares in the company, valued at $31,669,042. The trade was a 4.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now owns 768,092 shares of the company's stock, valued at approximately $248,984,702.72. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,431 shares of company stock valued at $74,472,548 in the last 90 days. Company insiders own 3.32% of the company's stock.

CrowdStrike Trading Down 0.5%

Shares of NASDAQ CRWD traded down $2.10 during trading on Tuesday, reaching $442.25. The stock had a trading volume of 2,127,631 shares, compared to its average volume of 5,099,224. The business's 50-day moving average price is $387.79 and its 200-day moving average price is $376.25. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. 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 company has a market cap of $109.62 billion, a P/E ratio of 867.17, a PEG ratio of 17.86 and a beta of 1.22.

Analyst Ratings Changes

CRWD has been the subject of several analyst reports. DA Davidson raised their price target on CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Raymond James cut shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a research report on Monday, March 10th. Stifel Nicolaus dropped their price objective on shares of CrowdStrike from $475.00 to $435.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, KeyCorp lowered 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 analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $403.56.

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.