NorthRock Partners LLC Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

NorthRock Partners LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 22.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,560 shares of the company's stock after buying an additional 822 shares during the period. NorthRock Partners LLC's holdings in CrowdStrike were worth $1,560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northeast Financial Consultants Inc increased its holdings in CrowdStrike by 6.1% in the fourth quarter. Northeast Financial Consultants Inc now owns 1,554 shares of the company's stock valued at $532,000 after buying an additional 89 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of CrowdStrike by 4.0% during the fourth quarter. Nuveen Asset Management LLC now owns 1,686,147 shares of the company's stock worth $576,932,000 after purchasing an additional 64,095 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CrowdStrike by 4.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 535,367 shares of the company's stock worth $184,645,000 after purchasing an additional 23,861 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of CrowdStrike by 6.5% during the fourth quarter. Lazard Asset Management LLC now owns 6,919 shares of the company's stock worth $2,367,000 after purchasing an additional 424 shares in the last quarter. Finally, LRI Investments LLC increased its stake in shares of CrowdStrike by 164.5% during the fourth quarter. LRI Investments LLC now owns 455 shares of the company's stock worth $156,000 after purchasing an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 16,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the sale, the chief financial officer now directly owns 249,653 shares in the company, valued at $109,068,402.64. This represents a 6.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George Kurtz sold 55,556 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the sale, the chief executive officer now owns 2,192,610 shares in the company, 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 have sold a total of 189,431 shares of company stock worth $76,275,228 in the last ninety days. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Stock Up 1.7%

CrowdStrike stock traded up $7.42 during mid-day trading on Friday, reaching $439.26. 2,119,098 shares of the company's stock were exchanged, compared to its average volume of 5,099,511. The company has a market cap of $108.88 billion, a P/E ratio of 861.31, a P/E/G ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month 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 moving average of $385.84 and a 200-day moving average of $374.26.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CRWD shares. Stifel Nicolaus cut their target price on shares of CrowdStrike from $475.00 to $435.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. JMP Securities boosted their target price on shares of CrowdStrike from $400.00 to $500.00 and gave the stock a "market outperform" rating in a research note on Monday, May 5th. BMO Capital Markets upped their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Finally, BTIG Research raised shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price objective for the company in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $403.56.

About CrowdStrike

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.