Naviter Wealth LLC Has $926,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Naviter Wealth LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 145.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,707 shares of the company’s stock after buying an additional 1,602 shares during the quarter. Naviter Wealth LLC’s holdings in CrowdStrike were worth $926,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new position in CrowdStrike in the fourth quarter worth about $27,000. FPC Investment Advisory Inc. raised its holdings in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Fortitude Family Office LLC lifted its position in shares of CrowdStrike by 112.8% during the 4th 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. Luken Investment Analytics LLC acquired a new stake in CrowdStrike in the 4th quarter valued at $34,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in CrowdStrike in the fourth quarter valued at $42,000. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday. KeyCorp cut their price target on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Raymond James reiterated an “outperform” rating and issued a $390.00 target price (up previously from $360.00) on shares of CrowdStrike in a research note on Wednesday. Finally, Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $400.10.

CrowdStrike Trading Down 4.1 %

Shares of NASDAQ CRWD opened at $333.50 on Friday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The stock has a market cap of $82.14 billion, a price-to-earnings ratio of 653.93, a P/E/G 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. The company’s fifty day moving average is $387.07 and its 200-day moving average is $339.05.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,863 shares of the 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 completion of the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares in the company, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is owned by company insiders.

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.