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

Pacific Point Advisors LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,500 shares of the company's stock, valued at approximately $513,000.

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

CrowdStrike Price Performance

CRWD stock opened at $444.07 on Friday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $393.19 and a two-hundred day simple moving average of $378.11. The firm has a market capitalization of $110.07 billion, a P/E ratio of 870.74, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the transaction, the director now directly owns 768,092 shares in the company, valued at approximately $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 $981,280,679.40. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,431 shares of company stock valued at $74,472,548 in the last 90 days. Company insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Canaccord Genuity Group lifted their price objective on CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Morgan Stanley lifted their price objective on CrowdStrike from $415.00 to $455.00 and gave the stock an "overweight" rating in a research 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 report on Thursday. Finally, Robert W. Baird dropped their price objective on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. Three 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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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