West Tower Group LLC Purchases New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

West Tower Group LLC purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 600 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds have also bought and sold shares of CRWD. Berbice Capital Management LLC acquired a new stake in CrowdStrike in the 4th quarter valued at $27,000. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. grew its position in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new stake in CrowdStrike in the 4th quarter valued at $34,000. Finally, Legacy Bridge LLC grew its position in CrowdStrike by 976.9% in the 3rd quarter. Legacy Bridge LLC now owns 140 shares of the company’s stock valued at $39,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Evercore ISI raised their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Cantor Fitzgerald restated an “overweight” rating and set a $440.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Citigroup restated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price objective on CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.78.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,217 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the completion of the transaction, the chief financial officer now owns 290,711 shares of the company’s stock, valued at approximately $104,115,237.54. The trade was a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the business’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 completion of the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,315 shares of company stock valued at $38,319,124. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Stock Down 0.5 %

CRWD stock opened at $363.15 on Wednesday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. 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 firm has a market capitalization of $89.45 billion, a PE ratio of 712.07, a PEG ratio of 17.86 and a beta of 1.19. The stock has a 50-day simple moving average of $385.73 and a two-hundred day simple moving average of $343.12.

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.