Regent Peak Wealth Advisors LLC Acquires New Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Regent Peak Wealth Advisors LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 620 shares of the company’s stock, valued at approximately $212,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Savant Capital LLC raised its position in CrowdStrike by 2.4% in the second quarter. Savant Capital LLC now owns 9,674 shares of the company’s stock worth $3,707,000 after acquiring an additional 223 shares during the period. Norden Group LLC raised its holdings in CrowdStrike by 6.8% in the 2nd quarter. Norden Group LLC now owns 1,034 shares of the company’s stock worth $396,000 after purchasing an additional 66 shares during the period. Asset Dedication LLC lifted its position in CrowdStrike by 230.2% during the second quarter. Asset Dedication LLC now owns 535 shares of the company’s stock valued at $205,000 after purchasing an additional 373 shares in the last quarter. Ballentine Partners LLC grew its holdings in CrowdStrike by 6.0% during the second quarter. Ballentine Partners LLC now owns 1,879 shares of the company’s stock valued at $720,000 after purchasing an additional 107 shares during the period. Finally, Ausdal Financial Partners Inc. raised its stake in shares of CrowdStrike by 15.8% in the second quarter. Ausdal Financial Partners Inc. now owns 1,806 shares of the company’s stock worth $692,000 after buying an additional 247 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 0.7 %

Shares of CRWD traded down $2.52 during trading hours on Tuesday, reaching $363.84. 1,264,971 shares of the company traded hands, compared to its average volume of 2,380,895. The firm has a market cap of $89.62 billion, a price-to-earnings ratio of 713.43, a PEG ratio of 19.48 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33. The stock’s fifty day moving average price is $348.02 and its 200 day moving average price is $313.73. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling 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 stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the transaction, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 116,601 shares of company stock valued at $40,755,368 in the last three months. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. CICC Research began coverage on shares of CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective for the company. BMO Capital Markets upped their price objective on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Evercore ISI lifted their target price on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. JMP Securities restated a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Finally, Wells Fargo & Company lifted their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. One research 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 MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.88.

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.