Kovack Advisors Inc. Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kovack Advisors Inc. boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,688 shares of the company’s stock after buying an additional 500 shares during the period. Kovack Advisors Inc.’s holdings in CrowdStrike were worth $1,262,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CRWD. Nisa Investment Advisors LLC boosted its position in shares of CrowdStrike by 50.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 41,672 shares of the company’s stock worth $11,688,000 after purchasing an additional 14,003 shares during the period. abrdn plc lifted its stake in CrowdStrike by 25.0% during the third quarter. abrdn plc now owns 76,442 shares of the company’s stock worth $21,513,000 after purchasing an additional 15,310 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of CrowdStrike by 6.4% during the third quarter. Strategic Blueprint LLC now owns 2,498 shares of the company’s stock worth $701,000 after buying an additional 151 shares during the period. Fidelis Capital Partners LLC grew its stake in shares of CrowdStrike by 28.5% in the third quarter. Fidelis Capital Partners LLC now owns 1,163 shares of the company’s stock valued at $348,000 after buying an additional 258 shares in the last quarter. Finally, Avitas Wealth Management LLC raised its holdings in shares of CrowdStrike by 26.4% in the 3rd quarter. Avitas Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $337,000 after buying an additional 251 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated 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 completion of the transaction, the insider now owns 115,798 shares in the company, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total transaction of $2,183,375.00. Following the completion of the sale, the director now owns 809,266 shares in the company, valued at $282,708,984.44. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,565 shares of company stock worth $40,570,629. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 3.6 %

Shares of CRWD stock opened at $380.24 on Friday. The business’s fifty day moving average price is $386.39 and its 200 day moving average price is $333.85. The firm has a market capitalization of $93.66 billion, a PE ratio of 745.58, a P/E/G ratio of 17.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research analyst reports. CICC Research began coverage on CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 target price for the company. JMP Securities restated a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. Evercore ISI upped their target price on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. BMO Capital Markets raised their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $388.70.

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.