WBI Investments LLC Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

WBI Investments LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,374 shares of the company's stock, valued at approximately $812,000.

Several other institutional investors and hedge funds have also made changes to their positions in CRWD. Grassi Investment Management purchased a new position in CrowdStrike during the fourth quarter worth about $240,000. Ritholtz Wealth Management lifted its position in CrowdStrike by 39.8% during the fourth quarter. Ritholtz Wealth Management now owns 3,088 shares of the company's stock worth $1,057,000 after buying an additional 879 shares during the period. Merit Financial Group LLC lifted its position in CrowdStrike by 192.4% during the fourth quarter. Merit Financial Group LLC now owns 3,371 shares of the company's stock worth $1,153,000 after buying an additional 2,218 shares during the period. HB Wealth Management LLC lifted its position in CrowdStrike by 3.1% during the fourth quarter. HB Wealth Management LLC now owns 7,624 shares of the company's stock worth $2,610,000 after buying an additional 232 shares during the period. Finally, Ameritas Advisory Services LLC lifted its position in CrowdStrike by 5.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,731 shares of the company's stock worth $1,961,000 after buying an additional 294 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the topic of several recent analyst reports. The Goldman Sachs Group reiterated a "buy" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Raymond James downgraded CrowdStrike from an "outperform" rating to a "cautious" rating in a report on Monday, March 10th. DA Davidson increased their target price on CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Wells Fargo & Company increased their target price on CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Finally, BMO Capital Markets increased their target price on CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $403.56.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares of the company's stock, valued at $31,669,042. The trade was a 4.78% 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, 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 value of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares in the company, valued at $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,431 shares of company stock valued at $74,472,548 over the last three months. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Up 1.2%

Shares of CrowdStrike stock opened at $444.35 on Tuesday. The stock's fifty day moving average is $387.79 and its 200-day moving average is $376.25. The firm has a market capitalization of $110.14 billion, a PE ratio of 871.29, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. 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 $455.59.

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.

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