Centricity Wealth Management LLC Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Centricity Wealth Management LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 374 shares of the company’s stock, valued at approximately $128,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $27,000. Fortitude Family Office LLC raised its holdings in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the period. Luken Investment Analytics LLC acquired a new position in CrowdStrike during the fourth quarter valued at approximately $34,000. Princeton Global Asset Management LLC grew its stake in CrowdStrike by 240.0% during the third quarter. Princeton Global Asset Management LLC now owns 136 shares of the company’s stock worth $38,000 after buying an additional 96 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in CrowdStrike during the third quarter worth approximately $38,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

CRWD opened at $436.14 on Friday. 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 company’s 50-day moving average price is $383.99 and its 200 day moving average price is $328.39. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The firm has a market cap of $107.43 billion, a price-to-earnings ratio of 855.19, a price-to-earnings-growth ratio of 18.65 and a beta of 1.16.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRWD. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Citigroup raised their price objective on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a report on Wednesday, November 27th. Finally, JMP Securities reissued a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $379.73.

Insider Activity

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the transaction, the director now directly owns 42,391 shares of the company’s stock, valued at $14,791,491.63. The trade was a 41.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is currently owned by insiders.

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.