Cladis Investment Advisory LLC Buys 595 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cladis Investment Advisory LLC grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 56.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,653 shares of the company’s stock after acquiring an additional 595 shares during the quarter. Cladis Investment Advisory LLC’s holdings in CrowdStrike were worth $464,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CRWD. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the second quarter worth about $25,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike during the third quarter worth about $28,000. Tsfg LLC lifted its holdings in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares in the last quarter. Family Firm Inc. acquired a new position in shares of CrowdStrike in the 2nd quarter valued at approximately $30,000. Finally, Castleview Partners LLC acquired a new stake in CrowdStrike during the 3rd quarter worth approximately $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CRWD. Deutsche Bank Aktiengesellschaft reduced their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. The Goldman Sachs Group dropped their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Scotiabank reduced their price objective on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Finally, JMP Securities reissued a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $355.80.

CrowdStrike Stock Performance

CRWD opened at $345.97 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.90. The company has a market capitalization of $84.81 billion, a PE ratio of 678.39, a price-to-earnings-growth ratio of 25.05 and a beta of 1.10. The business has a fifty day simple moving average of $315.80 and a 200 day simple moving average of $312.87. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33.

Insider Activity

In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the sale, the director now directly owns 821,766 shares in the company, valued at $263,277,391.08. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is owned by company insiders.

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.