Garden State Investment Advisory Services LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Garden State Investment Advisory Services LLC acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,591 shares of the company’s stock, valued at approximately $446,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRWD. Oddo BHF Asset Management Sas bought a new position in shares of CrowdStrike in the third quarter worth $2,975,000. Tri Ri Asset Management Corp purchased a new stake in shares of CrowdStrike in the 3rd quarter valued at about $5,456,000. Peapack Gladstone Financial Corp bought a new stake in shares of CrowdStrike during the 3rd quarter valued at about $497,000. Tidal Investments LLC grew its holdings in shares of CrowdStrike by 7.5% during the third quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock worth $6,959,000 after purchasing an additional 1,740 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of CrowdStrike in the third quarter worth approximately $1,319,000. Institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total transaction of $2,183,375.00. Following the completion of the transaction, the director now directly owns 809,266 shares of the company’s stock, valued at $282,708,984.44. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares in the company, valued at $14,791,491.63. This represents a 41.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 144,498 shares of company stock valued at $45,116,385. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 1.2 %

CRWD stock traded up $4.22 during trading on Friday, hitting $369.72. 495,137 shares of the stock traded hands, compared to its average volume of 4,931,529. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market cap of $91.07 billion, a price-to-earnings ratio of 723.63, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33. The firm’s 50 day moving average is $329.10 and its two-hundred day moving average is $314.07.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research analyst reports. Barclays increased their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Royal Bank of Canada cut their price objective on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Bank of America upped their target price on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research note on Wednesday, November 27th. Finally, Stifel Nicolaus raised their price objective on CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $355.80.

CrowdStrike Company 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.