Putney Financial Group LLC Takes $1.01 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Putney Financial Group LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,948 shares of the company's stock, valued at approximately $1,009,000. CrowdStrike comprises approximately 0.7% of Putney Financial Group LLC's investment portfolio, making the stock its 22nd biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. boosted its holdings in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Luken Investment Analytics LLC purchased a new stake in CrowdStrike in the fourth quarter worth approximately $34,000. Crowley Wealth Management Inc. purchased a new stake in CrowdStrike in the fourth quarter worth approximately $34,000. Millstone Evans Group LLC purchased a new stake in CrowdStrike in the fourth quarter worth approximately $34,000. Finally, Bellwether Advisors LLC purchased a new stake in CrowdStrike in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction dated 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the sale, the insider now 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 disclosure for this sale can be found here. Insiders sold a total of 185,431 shares of company stock valued at $74,472,548 in the last three months. Company insiders own 3.32% of the company's stock.

CrowdStrike Trading Down 0.7%

CrowdStrike stock traded down $3.39 during trading hours on Wednesday, hitting $468.83. The company had a trading volume of 2,881,699 shares, compared to its average volume of 5,117,824. The firm has a market cap of $116.21 billion, a P/E ratio of 919.29, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $474.41. The company has a 50-day moving average price of $398.71 and a two-hundred day moving average price of $381.40.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CRWD shares. Canaccord Genuity Group increased their price target on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Rosenblatt Securities reiterated a "buy" rating and issued a $450.00 price target on shares of CrowdStrike in a research report on Thursday, May 8th. KeyCorp decreased their price target on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Robert W. Baird decreased their price target on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Finally, Piper Sandler set a $347.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $404.43.

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.