Modus Advisors LLC Has $1.97 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Modus Advisors LLC grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,766 shares of the company’s stock after buying an additional 743 shares during the period. Modus Advisors LLC’s holdings in CrowdStrike were worth $1,973,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CRWD. State Street Corp lifted its position in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after acquiring an additional 275,717 shares during the period. Jennison Associates LLC increased its holdings in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares during the period. Geode Capital Management LLC raised its stake in shares of CrowdStrike by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after buying an additional 97,990 shares in the last quarter. Legal & General Group Plc raised its position in CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after purchasing an additional 60,607 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of CrowdStrike by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after buying an additional 77,100 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 3.0 %

Shares of NASDAQ:CRWD traded up $10.51 during trading on Friday, reaching $357.85. The stock had a trading volume of 665,635 shares, compared to its average volume of 1,642,791. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. 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 firm’s fifty day moving average is $344.69 and its 200 day moving average is $314.89. The stock has a market cap of $88.14 billion, a price-to-earnings ratio of 701.68, a P/E/G ratio of 19.48 and a beta of 1.11.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRWD. Wedbush set a $330.00 price target on CrowdStrike in a research report on Thursday, October 17th. Evercore ISI boosted their price objective on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. The Goldman Sachs Group lifted their price target on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Jefferies Financial Group increased their price objective on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Rosenblatt Securities boosted their target price on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $364.25.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now directly owns 821,766 shares of the company’s stock, valued at $263,277,391.08. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the sale, the insider now owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock worth $38,595,056 over the last quarter. Company insiders own 4.34% of the company’s stock.

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.