Snowden Capital Advisors LLC Increases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Snowden Capital Advisors LLC grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,036 shares of the company's stock after acquiring an additional 1,578 shares during the quarter. Snowden Capital Advisors LLC's holdings in CrowdStrike were worth $4,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Grassi Investment Management bought a new position in CrowdStrike during the fourth quarter valued at $240,000. Park Avenue Securities LLC raised its holdings in shares of CrowdStrike by 23.7% in the 4th quarter. Park Avenue Securities LLC now owns 12,197 shares of the company's stock valued at $4,173,000 after acquiring an additional 2,339 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of CrowdStrike by 42.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 495 shares of the company's stock valued at $169,000 after acquiring an additional 148 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in shares of CrowdStrike during the fourth quarter worth about $207,000. Finally, ERn Financial LLC bought a new position in shares of CrowdStrike in the fourth quarter worth approximately $281,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Down 0.5%

Shares of CrowdStrike stock traded down $2.10 during trading on Tuesday, hitting $442.25. The company's stock had a trading volume of 2,125,300 shares, compared to its average volume of 5,087,549. The company has a fifty day simple moving average of $387.79 and a two-hundred day simple moving average of $376.25. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a market capitalization of $109.62 billion, a PE ratio of 867.17, 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.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the transaction, the insider now owns 89,714 shares in the company, valued at $31,669,042. The trade was a 4.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,431 shares of company stock worth $74,472,548 in the last 90 days. Insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group cut their price target on shares of CrowdStrike from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Wells Fargo & Company upped their target price on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. KeyCorp lowered their price target on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Roth Capital started coverage on CrowdStrike in a research report on Wednesday, April 23rd. They set a "buy" rating and a $410.00 price objective on the stock. Finally, Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.