CMC Financial Group Takes $230,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CMC Financial Group acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 673 shares of the company’s stock, valued at approximately $230,000. CrowdStrike makes up about 0.5% of CMC Financial Group’s holdings, making the stock its 23rd largest position.

A number of other large investors have also recently made changes to their positions in the stock. Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike during the 4th quarter valued at about $34,000. Vanguard Group Inc. raised its stake in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after purchasing an additional 342,294 shares during the period. LPL Financial LLC raised its stake in CrowdStrike by 6.0% during the 4th quarter. LPL Financial LLC now owns 456,821 shares of the company’s stock valued at $156,306,000 after purchasing an additional 26,000 shares during the period. Optimum Investment Advisors raised its stake in CrowdStrike by 33.0% during the 4th quarter. Optimum Investment Advisors now owns 266 shares of the company’s stock valued at $91,000 after purchasing an additional 66 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in CrowdStrike during the 4th quarter valued at approximately $27,082,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 1.8 %

CRWD opened at $362.24 on Monday. The firm has a market cap of $89.79 billion, a price-to-earnings ratio of 710.29, a PEG ratio of 17.86 and a beta of 1.19. 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 12 month low of $200.81 and a 12 month high of $455.59. The stock has a fifty day moving average price of $386.53 and a 200-day moving average price of $345.25.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,858 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the completion of the sale, the chief accounting officer now directly owns 38,201 shares in the company, valued at approximately $13,916,242.29. This trade represents a 6.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. This trade represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,858 shares of company stock valued at $21,288,706. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CRWD shares. Wedbush lifted their target price on CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. DA Davidson lifted their target price on CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $450.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Morgan Stanley began coverage on CrowdStrike in a research note on Tuesday, March 18th. They issued an “overweight” rating on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $399.51.

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.