Siemens Fonds Invest GmbH boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 37.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,967 shares of the company's stock after acquiring an additional 1,893 shares during the quarter. Siemens Fonds Invest GmbH's holdings in CrowdStrike were worth $2,384,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Primoris Wealth Advisors LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $2,166,000. Arcadia Investment Management Corp MI raised its position in CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock valued at $4,090,000 after purchasing an additional 2,814 shares in the last quarter. Greenleaf Trust raised its position in CrowdStrike by 53.4% in the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company's stock valued at $1,015,000 after purchasing an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC raised its position in CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after purchasing an additional 8,561 shares in the last quarter. Finally, Delta Financial Group Inc. acquired a new stake in shares of CrowdStrike during the 4th quarter worth about $336,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.
CrowdStrike Price Performance
Shares of CrowdStrike stock traded down $3.39 during trading on Wednesday, reaching $468.83. The company's stock had a trading volume of 2,884,256 shares, compared to its average volume of 5,125,393. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $474.41. The company has a market capitalization of $116.21 billion, a P/E ratio of 919.29, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The business has a 50 day moving average price of $400.84 and a 200-day moving average price of $382.00.
Wall Street Analyst Weigh In
CRWD has been the topic of several research analyst reports. Roth Capital initiated coverage on CrowdStrike in a research report on Wednesday, April 23rd. They set a "buy" rating and a $410.00 target price on the stock. Rosenblatt Securities reissued a "buy" rating and set a $450.00 target price on shares of CrowdStrike in a research report on Thursday, May 8th. Evercore ISI raised their target price on CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Finally, Royal Bank of Canada reissued an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $404.43.
Read Our Latest Stock Report on CRWD
Insider Activity 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 stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the sale, the chief executive officer now owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 195,431 shares of company stock worth $79,162,548 over the last three months. 3.32% of the stock is currently owned by corporate insiders.
CrowdStrike Profile
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Free Report)
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.
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