CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Holdings Boosted by RMR Wealth Builders

RMR Wealth Builders grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,775 shares of the company’s stock after purchasing an additional 308 shares during the quarter. RMR Wealth Builders’ holdings in CrowdStrike were worth $2,660,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CRWD. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the 2nd quarter valued at about $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike during the 3rd quarter valued at $28,000. Fortitude Family Office LLC increased its holdings in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the last quarter. Tsfg LLC raised its holdings in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 89 shares in the last quarter. Finally, Castleview Partners LLC bought a new position in shares of CrowdStrike in the third quarter valued at approximately $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the transaction, the president now owns 389,589 shares in the company, valued at $139,655,968.83. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,351 shares of company stock worth $38,752,993. Company insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 2.8 %

CrowdStrike stock traded down $9.88 during mid-day trading on Friday, hitting $348.84. 2,826,370 shares of the stock were exchanged, compared to its average volume of 2,712,441. The firm’s fifty day simple moving average is $351.26 and its two-hundred day simple moving average is $314.22. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33. The stock has a market capitalization of $85.92 billion, a price-to-earnings ratio of 684.01, a PEG ratio of 19.48 and a beta of 1.14.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several research analyst reports. Needham & Company LLC raised their price target on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. KeyCorp lifted their price objective on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Truist Financial increased their target price on shares of CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday. Rosenblatt Securities lifted 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. Finally, Barclays raised 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, nine have given a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.88.

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.