D.A. Davidson & CO. Has $12.97 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

D.A. Davidson & CO. lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.9% during the fourth quarter, HoldingsChannel reports. The firm owned 37,910 shares of the company’s stock after acquiring an additional 1,052 shares during the quarter. D.A. Davidson & CO.’s holdings in CrowdStrike were worth $12,971,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Empower Advisory Group LLC grew its holdings in shares of CrowdStrike by 5.3% during the fourth quarter. Empower Advisory Group LLC now owns 4,174 shares of the company’s stock worth $1,428,000 after buying an additional 210 shares in the last quarter. Truist Financial Corp grew its holdings in shares of CrowdStrike by 5.4% during the fourth quarter. Truist Financial Corp now owns 160,818 shares of the company’s stock worth $55,025,000 after buying an additional 8,168 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of CrowdStrike by 4.1% during the fourth quarter. CIBC Asset Management Inc now owns 74,787 shares of the company’s stock worth $25,589,000 after buying an additional 2,945 shares in the last quarter. Pittenger & Anderson Inc. grew its holdings in shares of CrowdStrike by 35.4% during the fourth quarter. Pittenger & Anderson Inc. now owns 10,196 shares of the company’s stock worth $3,489,000 after buying an additional 2,663 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of CrowdStrike by 21.7% during the fourth quarter. Sanctuary Advisors LLC now owns 62,087 shares of the company’s stock worth $21,244,000 after buying an additional 11,083 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Michael Sentonas sold 10,801 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the sale, 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. Insiders have sold 132,565 shares of company stock worth $49,235,849 in the last 90 days. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CRWD. JPMorgan Chase & Co. raised their price target on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Truist Financial raised their price target on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Piper Sandler raised their price target on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Morgan Stanley raised 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. Finally, Stifel Nicolaus raised 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine 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 an average target price of $376.00.

CrowdStrike Price Performance

CrowdStrike stock opened at $455.18 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.44. The stock has a market capitalization of $112.12 billion, a P/E ratio of 892.53, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. The stock has a fifty day moving average of $378.67 and a 200-day moving average of $325.10.

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.