Hennion & Walsh Asset Management Inc. Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Hennion & Walsh Asset Management Inc. raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,267 shares of the company’s stock after purchasing an additional 1,182 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in CrowdStrike were worth $3,513,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the second quarter worth $25,000. Fortitude Family Office LLC lifted its position in CrowdStrike by 112.8% during 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 period. Itau Unibanco Holding S.A. acquired a new stake in CrowdStrike in the 2nd quarter worth about $33,000. Strategic Investment Solutions Inc. IL purchased a new stake in CrowdStrike in the 2nd quarter valued at about $38,000. Finally, Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the 3rd quarter valued at about $28,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CRWD. Evercore ISI raised their target price on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. BNP Paribas started coverage on shares of CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target on the stock. The Goldman Sachs Group boosted their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. Truist Financial increased their target price on CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $365.88.

CrowdStrike Trading Up 0.4 %

NASDAQ:CRWD opened at $363.38 on Friday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business has a 50 day simple moving average of $354.67 and a 200 day simple moving average of $312.81. The firm has a market capitalization of $89.50 billion, a P/E ratio of 712.52, a P/E/G ratio of 18.55 and a beta of 1.14.

Insider Activity

In related news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the sale, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,351 shares of company stock valued at $38,935,113. 4.34% of the stock is currently 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.