Principle Wealth Partners LLC Invests $221,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Principle Wealth Partners LLC bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 647 shares of the company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Global Wealth Management Investment Advisory Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $2,532,000. NORTHSTAR ASSET MANAGEMENT Co LLC bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $205,000. Silicon Valley Capital Partners boosted its stake in shares of CrowdStrike by 37.9% during the 4th quarter. Silicon Valley Capital Partners now owns 1,092 shares of the company’s stock worth $374,000 after acquiring an additional 300 shares during the period. MBA Advisors LLC bought a new stake in CrowdStrike in the 4th quarter valued at $413,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in CrowdStrike in the 4th quarter valued at $1,202,000. 71.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the sale, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 17,120 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the sale, the director now owns 780,592 shares in the company, valued at $334,194,852.96. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,565 shares of company stock valued at $50,597,609 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

CRWD has been the subject of several recent research reports. Morgan Stanley boosted their price target on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Rosenblatt Securities boosted their price target on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 25th. BMO Capital Markets boosted their price target on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Stifel Nicolaus boosted their price target on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Barclays boosted their price target on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $372.13.

CrowdStrike Price Performance

Shares of CRWD opened at $431.64 on Wednesday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $434.78. The business has a 50-day simple moving average of $370.16 and a two-hundred day simple moving average of $317.93. 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 stock has a market cap of $106.32 billion, a PE ratio of 846.37, a PEG ratio of 17.22 and a beta of 1.16.

CrowdStrike Company 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.