IVC Wealth Advisors LLC Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

IVC Wealth Advisors LLC boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,426 shares of the company’s stock after purchasing an additional 100 shares during the quarter. IVC Wealth Advisors LLC’s holdings in CrowdStrike were worth $488,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CRWD. Empirical Asset Management LLC purchased a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $11,310,000. Beacon Financial Advisory LLC purchased a new stake in CrowdStrike during the 3rd quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares in the last quarter. Doliver Advisors LP raised its stake in shares of CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,664 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after purchasing an additional 2,863 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

CRWD stock opened at $377.70 on Friday. The company has a fifty day simple moving average of $357.22 and a two-hundred day simple moving average of $311.97. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $93.03 billion, a P/E ratio of 740.60, a price-to-earnings-growth ratio of 19.49 and a beta of 1.14.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CRWD shares. KeyCorp boosted their target price on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Canaccord Genuity Group restated a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. Wedbush set a $330.00 target price on shares of CrowdStrike in a research report on Thursday, October 17th. JPMorgan Chase & Co. increased their price target on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Truist Financial upped their price objective on CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $369.00.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the transaction, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,351 shares of company stock valued at $38,935,113. Insiders own 4.34% of the company’s stock.

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.