Frank Rimerman Advisors LLC Acquires 1,789 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Frank Rimerman Advisors LLC boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,972 shares of the company’s stock after buying an additional 1,789 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in CrowdStrike were worth $3,754,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Empirical Asset Management LLC bought a new stake in CrowdStrike during the fourth quarter valued at approximately $11,310,000. Arcadia Investment Management Corp MI grew its position in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after buying an additional 2,814 shares during the period. Greenleaf Trust grew its position in CrowdStrike by 53.4% during the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock valued at $1,015,000 after buying an additional 1,033 shares during the period. Trifecta Capital Advisors LLC grew its position in CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after buying an additional 8,561 shares during the period. Finally, Fifth Third Bancorp grew its position in CrowdStrike by 42.6% during the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock valued at $15,263,000 after buying an additional 13,323 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Up 6.4 %

NASDAQ CRWD opened at $353.73 on Friday. The company’s 50-day moving average price is $385.70 and its 200-day moving average price is $340.82. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $87.13 billion, a PE ratio of 693.60, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total transaction 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. The trade was a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,315 shares of company stock worth $38,387,254. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CRWD. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Mizuho upped their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Royal Bank of Canada reiterated an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target for the company. in a research report on Wednesday, November 27th. Two research 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 data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $398.78.

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.