Secure Asset Management LLC Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Secure Asset Management LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.8% during the fourth quarter, HoldingsChannel reports. The firm owned 7,388 shares of the company’s stock after purchasing an additional 896 shares during the quarter. Secure Asset Management LLC’s holdings in CrowdStrike were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRWD. Empirical Asset Management LLC acquired a new position in shares of CrowdStrike in the fourth quarter valued at about $11,310,000. Beacon Financial Advisory LLC purchased a new stake in shares of CrowdStrike in the 3rd quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after acquiring an additional 78,305 shares during the period. Doliver Advisors LP lifted its position in CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after purchasing an additional 4,664 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in CrowdStrike by 0.7% in 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 during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $377.70 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33. The stock has a market capitalization of $93.03 billion, a PE ratio of 740.60, a PEG ratio of 19.49 and a beta of 1.14. 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 stock has a 50-day simple moving average of $357.22 and a 200-day simple moving average of $311.97.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the firm’s 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 owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 98,214 shares of the company’s stock, valued at $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock worth $38,935,113 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CRWD shares. Truist Financial upped their target price on CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. JMP Securities reissued a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a report on Monday, November 4th. Susquehanna lifted their price objective on shares of CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. Wells Fargo & Company lifted their price target on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird increased their price target on CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $369.00.

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.