Wealthedge Investment Advisors LLC Invests $858,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Wealthedge Investment Advisors LLC bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,507 shares of the company's stock, valued at approximately $858,000.

Several other large investors have also made changes to their positions in CRWD. FPC Investment Advisory Inc. boosted its stake in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike in the 4th quarter worth $34,000. Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $34,000. Millstone Evans Group LLC bought a new stake in CrowdStrike in the fourth quarter valued at about $34,000. Finally, Bellwether Advisors LLC acquired a new position in CrowdStrike in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In related news, President Michael Sentonas sold 13,543 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the sale, the president now owns 405,308 shares in the company, valued at approximately $145,351,554.96. This represents a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 195,431 shares of company stock worth $79,162,548 in the last ninety days. Insiders own 3.32% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CRWD. Mizuho cut CrowdStrike from an "outperform" rating to a "neutral" rating and set a $425.00 price target for the company. in a research note on Thursday, May 15th. JMP Securities upped their target price on shares of CrowdStrike from $400.00 to $500.00 and gave the company a "market outperform" rating in a research note on Monday, May 5th. Wedbush increased their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Royal Bank of Canada reissued an "outperform" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Evercore ISI raised their price objective on CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Three equities 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 assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $408.12.

CrowdStrike Stock Up 1.5%

CRWD traded up $7.01 during trading on Friday, reaching $465.82. 4,476,990 shares of the stock were exchanged, compared to its average volume of 5,125,583. 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 stock's 50 day moving average price is $402.56 and its two-hundred day moving average price is $382.80. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $474.23. The stock has a market cap of $115.46 billion, a P/E ratio of 913.39, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

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.