Signature Wealth Management Group Purchases 96 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Signature Wealth Management Group lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.0% in the fourth quarter, HoldingsChannel reports. The fund owned 4,983 shares of the company’s stock after acquiring an additional 96 shares during the period. Signature Wealth Management Group’s holdings in CrowdStrike were worth $1,705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Empirical Asset Management LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $11,310,000. Arcadia Investment Management Corp MI raised its holdings in shares of CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after acquiring an additional 2,814 shares in the last quarter. Greenleaf Trust raised its holdings in shares of CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after acquiring an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC raised its holdings in shares of CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after acquiring an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of CrowdStrike by 42.6% during the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock worth $15,263,000 after acquiring an additional 13,323 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 18,071 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $359.70, for a total value of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Jefferies Financial Group decreased their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. CICC Research initiated coverage on CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective on the stock. Susquehanna increased their price target on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a report on Wednesday, March 5th. Robert W. Baird decreased their price target on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.78.

CrowdStrike Price Performance

Shares of CRWD stock opened at $353.73 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $87.13 billion, a P/E ratio of 693.60, a PEG ratio of 17.86 and a beta of 1.19. The stock’s 50-day moving average is $385.70 and its 200 day moving average is $341.31. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59.

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.