738 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Acquired by Wellspring Financial Advisors LLC

Wellspring Financial Advisors LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 738 shares of the company’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CRWD. Empirical Asset Management LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at about $11,310,000. Arcadia Investment Management Corp MI raised its stake in shares of CrowdStrike by 30.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after acquiring an additional 2,814 shares during the last quarter. Greenleaf Trust lifted its position in shares of CrowdStrike by 53.4% during the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after purchasing an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC grew its stake in shares of CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after purchasing an additional 8,561 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of CrowdStrike by 42.6% during the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock valued at $15,263,000 after purchasing an additional 13,323 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at $12,969,492.30. The trade was a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 2,547 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $365.96, for a total value of $932,100.12. Following the completion of the sale, the insider now directly owns 82,071 shares of the company’s stock, valued at approximately $30,034,703.16. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 114,551 shares of company stock worth $43,527,642 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on CRWD shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $450.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Bank of America boosted their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. BMO Capital Markets raised their price target on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. DA Davidson boosted their price objective on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Finally, BTIG Research upgraded shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 target price on the stock in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $400.88.

CrowdStrike Stock Down 7.4 %

CrowdStrike stock opened at $321.63 on Monday. The company has a fifty day simple moving average of $386.18 and a 200 day simple moving average of $352.56. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a market cap of $79.72 billion, a P/E ratio of 630.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

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.