Optimize Financial Inc Acquires Shares of 6,717 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Optimize Financial Inc purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,717 shares of the company's stock, valued at approximately $2,298,000. CrowdStrike accounts for approximately 1.7% of Optimize Financial Inc's investment portfolio, making the stock its 4th biggest position.

Other large investors have also bought and sold shares of the company. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the 4th quarter valued at about $27,000. Fortitude Family Office LLC grew its stake in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after acquiring an additional 44 shares during the period. FPC Investment Advisory Inc. increased its holdings in shares of CrowdStrike by 811.1% during 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 in the last quarter. Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike in the 4th quarter worth $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total value of $2,577,437.50. Following the sale, the director now directly owns 805,592 shares of the company's stock, valued at approximately $332,218,084.88. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,801 shares of company stock worth $44,134,002. 4.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of recent research reports. Evercore ISI raised their price objective on shares of CrowdStrike from $400.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Bank of America lifted their price target on CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. UBS Group lowered their price objective on CrowdStrike from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $440.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $420.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $400.53.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded down $8.68 during trading on Wednesday, reaching $384.12. The company had a trading volume of 1,881,491 shares, compared to its average volume of 5,000,953. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The company has a fifty day moving average of $378.80 and a two-hundred day moving average of $356.24. The stock has a market capitalization of $95.21 billion, a P/E ratio of 753.19, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.