Meridian Financial Partners LLC Buys 33 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Meridian Financial Partners LLC grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.6% during the fourth quarter, Holdings Channel reports. The firm owned 5,595 shares of the company’s stock after purchasing an additional 33 shares during the period. CrowdStrike makes up approximately 1.0% of Meridian Financial Partners LLC’s portfolio, making the stock its 22nd largest position. Meridian Financial Partners LLC’s holdings in CrowdStrike were worth $1,914,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike in the 2nd quarter worth approximately $25,000. Fortitude Family Office LLC lifted its holdings in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the period. Itau Unibanco Holding S.A. purchased a new position in CrowdStrike in the second quarter worth $33,000. Strategic Investment Solutions Inc. IL bought a new position in CrowdStrike in the 2nd quarter valued at $38,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike during the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the sale, the president now owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerhard Watzinger sold 30,000 shares of the business’s 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 completion of the transaction, the director now owns 42,391 shares of the company’s stock, 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 ninety days, insiders sold 106,351 shares of company stock worth $37,515,473. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $348.04 on Wednesday. The company has a market capitalization of $85.73 billion, a PE ratio of 682.44, a PEG ratio of 19.75 and a beta of 1.11. The business has a fifty day moving average price of $353.83 and a 200-day moving average price of $312.46. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CRWD shares. Bank of America boosted their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Piper Sandler increased their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 price target on shares of CrowdStrike in a report on Monday, September 30th. Morgan Stanley increased their price objective on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Wedbush set a $330.00 price target on CrowdStrike in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $365.88.

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.