Pallas Capital Advisors LLC Has $540,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pallas Capital Advisors LLC lowered its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 12.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,578 shares of the company’s stock after selling 221 shares during the period. Pallas Capital Advisors LLC’s holdings in CrowdStrike were worth $540,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quest Partners LLC bought a new stake in shares of CrowdStrike in the 2nd quarter valued at $104,000. Wealthspire Advisors LLC boosted its position in CrowdStrike by 9.8% during the second quarter. Wealthspire Advisors LLC now owns 1,272 shares of the company’s stock valued at $487,000 after acquiring an additional 114 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in CrowdStrike by 6.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 339,137 shares of the company’s stock worth $129,954,000 after acquiring an additional 21,590 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of CrowdStrike by 18.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,532 shares of the company’s stock worth $1,737,000 after acquiring an additional 691 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of CrowdStrike by 54.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 286,183 shares of the company’s stock valued at $109,670,000 after purchasing an additional 101,079 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $348.04 on Wednesday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The firm’s 50-day simple moving average is $353.83 and its two-hundred day simple moving average is $312.46. The firm has a market cap of $85.73 billion, a price-to-earnings ratio of 682.44, a P/E/G ratio of 19.75 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The Goldman Sachs Group raised their target price on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research note on Thursday, October 17th. Stifel Nicolaus increased their target price on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. CICC Research initiated coverage on shares of CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target for the company. Finally, BMO Capital Markets increased their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. One investment 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $365.88.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Burt W. Podbere sold 11,217 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total value of $4,017,256.38. Following the completion of the sale, the chief financial officer now owns 290,711 shares in the company, valued at approximately $104,115,237.54. The trade was a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,351 shares of company stock worth $37,515,473 in the last quarter. Insiders own 4.34% of the company’s stock.

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.