TigerOak Management L.L.C. Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TigerOak Management L.L.C. purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 767 shares of the company’s stock, valued at approximately $262,000.

Several other large investors have also made changes to their positions in the company. American Financial Advisors LLC increased its holdings in CrowdStrike by 25.6% in the fourth quarter. American Financial Advisors LLC now owns 980 shares of the company’s stock valued at $335,000 after purchasing an additional 200 shares during the last quarter. Roxbury Financial LLC bought a new stake in CrowdStrike in the fourth quarter valued at about $882,000. Manchester Capital Management LLC increased its holdings in CrowdStrike by 123.2% in the fourth quarter. Manchester Capital Management LLC now owns 558 shares of the company’s stock valued at $191,000 after purchasing an additional 308 shares during the last quarter. Empire Life Investments Inc. bought a new stake in CrowdStrike in the fourth quarter valued at about $916,000. Finally, WealthPlan Investment Management LLC bought a new stake in CrowdStrike in the fourth quarter valued at about $380,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the transaction, the president now owns 389,589 shares in the company, valued at $139,655,968.83. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the transaction, the director now owns 780,592 shares in the company, valued at approximately $334,194,852.96. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,565 shares of company stock worth $49,235,849 in the last 90 days. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $451.74 on Friday. The stock has a market cap of $111.27 billion, a P/E ratio of 885.78, a PEG ratio of 17.22 and a beta of 1.16. The stock has a 50 day simple moving average of $376.70 and a 200 day simple moving average of $322.24. 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 1-year low of $200.81 and a 1-year high of $454.13.

Analysts Set New Price Targets

Several brokerages have issued reports on CRWD. Bank of America increased their price target on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Jefferies Financial Group increased their price target on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Barclays increased their price target on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Royal Bank of Canada increased their price objective on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $376.00.

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.