B. Riley Wealth Advisors Inc. Acquires 12,521 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

B. Riley Wealth Advisors Inc. raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 118.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 23,092 shares of the company's stock after buying an additional 12,521 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in CrowdStrike were worth $7,901,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. FSA Wealth Management LLC boosted its stake 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 buying an additional 23 shares in the last quarter. Jacobi Capital Management LLC boosted its stake in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after buying an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted 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 valued at $675,000 after buying an additional 27 shares in the last quarter. Wintrust Investments LLC boosted its stake in shares of CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after purchasing an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC boosted its stake in shares of CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Down 1.6%

Shares of NASDAQ CRWD traded down $7.47 during midday trading on Thursday, reaching $461.37. 2,091,808 shares of the stock were exchanged, compared to its average volume of 3,905,308. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $474.23. The stock has a 50 day moving average price of $400.84 and a 200-day moving average price of $382.00. The company has a market capitalization of $114.36 billion, a P/E ratio of 905.01, 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.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. BMO Capital Markets increased their target price on CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Piper Sandler set a $347.00 target price on CrowdStrike in a research report on Wednesday, March 5th. Royal Bank of Canada reiterated an "outperform" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Susquehanna lifted their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a report on Wednesday, March 5th. Finally, Stifel Nicolaus set a $480.00 price target on shares of CrowdStrike and gave the company a "buy" rating in a research note on Thursday, May 22nd. Three equities research 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $407.29.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 55,556 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value 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 approximately $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction that occurred 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 owns 39,500 shares in the company, valued at approximately $18,525,500. This trade represents a 20.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 195,431 shares of company stock valued at $79,162,548 in the last quarter. Insiders own 3.32% of the company's stock.

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.