Left Brain Wealth Management LLC Acquires 5,481 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Left Brain Wealth Management LLC increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 36.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,677 shares of the company’s stock after acquiring an additional 5,481 shares during the period. CrowdStrike comprises 2.7% of Left Brain Wealth Management LLC’s holdings, making the stock its 10th largest position. Left Brain Wealth Management LLC’s holdings in CrowdStrike were worth $7,075,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC grew its position in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. Daiwa Securities Group Inc. grew its position in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after acquiring an additional 712,900 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of CrowdStrike during the 4th quarter valued at about $237,375,000. Amundi grew its position in shares of CrowdStrike by 41.9% during the 4th quarter. Amundi now owns 1,382,952 shares of the company’s stock valued at $496,093,000 after acquiring an additional 408,190 shares during the period. Finally, State Street Corp grew its position in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Down 4.1 %

Shares of NASDAQ CRWD opened at $332.53 on Friday. The firm has a market cap of $81.91 billion, a price-to-earnings ratio of 652.03, a PEG ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The business’s 50 day moving average is $385.81 and its two-hundred day moving average is $340.21.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the sale, the insider now directly owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This represents a 3.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the company’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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock valued at $38,387,254 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. BMO Capital Markets lifted their target price on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, UBS Group dropped their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $398.78.

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.