B. Riley Wealth Advisors Inc. Has $7.90 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

B. Riley Wealth Advisors Inc. increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 118.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,092 shares of the company's stock after buying an additional 12,521 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in CrowdStrike were worth $7,901,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Primoris Wealth Advisors LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $2,166,000. Arcadia Investment Management Corp MI grew its holdings in CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after acquiring an additional 2,814 shares in the last quarter. Greenleaf Trust boosted its stake in shares of CrowdStrike by 53.4% during the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company's stock worth $1,015,000 after buying an additional 1,033 shares during the period. Trifecta Capital Advisors LLC boosted its stake in shares of CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after buying an additional 8,561 shares during the period. Finally, Fifth Third Bancorp raised its position in CrowdStrike by 42.6% during the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company's stock worth $15,263,000 after buying an additional 13,323 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Canaccord Genuity Group upped their price objective on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Raymond James downgraded shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a research report on Monday, March 10th. Cantor Fitzgerald restated an "overweight" rating and set a $440.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Rosenblatt Securities reiterated a "buy" rating and issued a $450.00 price target on shares of CrowdStrike in a report on Thursday, May 8th. Finally, Stifel Nicolaus set a $480.00 price target on shares of CrowdStrike and gave the company a "buy" rating in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $403.83.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly owns 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction dated 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. This represents a 4.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,431 shares of company stock worth $74,472,548. Company insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $16.63 during mid-day trading on Tuesday, reaching $472.22. The company had a trading volume of 3,992,982 shares, compared to its average volume of 5,126,759. The company has a 50-day moving average price of $396.65 and a two-hundred day moving average price of $380.76. The stock has a market cap of $117.05 billion, a PE ratio of 925.94, a P/E/G ratio of 17.86 and a beta of 1.22. 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 1-year low of $200.81 and a 1-year high of $474.19.

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.