Pacific Point Advisors LLC Buys Shares of 1,500 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pacific Point Advisors LLC purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,500 shares of the company's stock, valued at approximately $513,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Primoris Wealth Advisors LLC bought a new position in shares of CrowdStrike in the 4th quarter valued at approximately $2,166,000. Arcadia Investment Management Corp MI raised its stake in shares of 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 acquiring an additional 2,814 shares in the last quarter. Greenleaf Trust raised its stake in shares of 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 acquiring an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC raised its stake in shares of 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 acquiring an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of CrowdStrike by 42.6% in the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company's stock valued at $15,263,000 after acquiring an additional 13,323 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In related news, CFO Burt W. Podbere sold 16,000 shares of CrowdStrike stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the sale, the chief financial officer now directly owns 249,653 shares of the company's stock, valued at $109,068,402.64. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 55,556 shares of CrowdStrike 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 directly owns 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. This trade represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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 owned by insiders.

CrowdStrike Trading Up 3.6%

Shares of CRWD stock traded up $16.23 on Tuesday, reaching $471.82. 2,120,456 shares of the stock were exchanged, compared to its average volume of 5,119,544. The stock has a market cap of $116.95 billion, a PE ratio of 924.30, a P/E/G ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $474.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a 50 day moving average price of $396.65 and a 200 day moving average price of $380.76.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRWD. JMP Securities raised their price objective on CrowdStrike from $400.00 to $500.00 and gave the company a "market outperform" rating in a research note on Monday, May 5th. Baird R W lowered CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Canaccord Genuity Group raised their target price on CrowdStrike from $370.00 to $420.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Bank of America raised their target price on CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, Roth Capital began coverage on CrowdStrike in a report on Wednesday, April 23rd. They set a "buy" rating and a $410.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $403.83.

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.