Investment Management Corp VA ADV Invests $528,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Investment Management Corp VA ADV acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,544 shares of the company's stock, valued at approximately $528,000. CrowdStrike accounts for approximately 0.5% of Investment Management Corp VA ADV's holdings, making the stock its 29th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Grassi Investment Management bought a new position in CrowdStrike in the fourth quarter valued at $240,000. Pure Financial Advisors LLC bought a new stake in CrowdStrike in the 4th quarter worth approximately $229,000. Crossmark Global Holdings Inc. boosted its stake in CrowdStrike by 4.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 10,744 shares of the company's stock worth $3,676,000 after buying an additional 471 shares in the last quarter. Atomi Financial Group Inc. grew its position in CrowdStrike by 48.0% during the fourth quarter. Atomi Financial Group Inc. now owns 2,331 shares of the company's stock valued at $798,000 after acquiring an additional 756 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its position in CrowdStrike by 15.4% during the fourth quarter. Simon Quick Advisors LLC now owns 1,358 shares of the company's stock valued at $465,000 after acquiring an additional 181 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the company's 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 transaction, the insider now directly owns 89,714 shares of the company's stock, valued at approximately $31,669,042. This represents a 4.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 16,000 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the completion of the transaction, the chief financial officer now owns 249,653 shares of the company's stock, valued at $109,068,402.64. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,431 shares of company stock worth $74,472,548 over the last 90 days. 3.32% of the stock is currently owned by insiders.

CrowdStrike Stock Up 2.1%

NASDAQ:CRWD opened at $444.07 on Friday. 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 firm has a market cap of $110.07 billion, a P/E ratio of 870.74, a P/E/G ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The firm has a 50-day simple moving average of $393.19 and a two-hundred day simple moving average of $378.11.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Scotiabank restated a "sector perform" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. KeyCorp lowered their price target on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Mizuho cut CrowdStrike from an "outperform" rating to a "neutral" rating and set a $425.00 price objective for the company. in a report on Thursday, May 15th. Stifel Nicolaus set a $480.00 target price on CrowdStrike and gave the company a "buy" rating in a research note on Thursday. Finally, Susquehanna raised their price target on CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a research note on Wednesday, March 5th. Three 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $403.83.

CrowdStrike Company 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.

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