Flagship Wealth Advisors LLC Acquires Shares of 1,020 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Flagship Wealth Advisors LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,020 shares of the company’s stock, valued at approximately $349,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. Daiwa Securities Group Inc. raised its stake in CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after acquiring an additional 712,900 shares in the last quarter. Raymond James Financial Inc. acquired a new position in CrowdStrike during the fourth quarter worth $237,375,000. Amundi raised its stake in CrowdStrike by 41.9% during the fourth quarter. Amundi now owns 1,382,952 shares of the company’s stock worth $496,093,000 after acquiring an additional 408,190 shares in the last quarter. Finally, State Street Corp increased its stake in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO George Kurtz sold 18,071 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the transaction, the chief executive officer now directly owns 2,159,935 shares in the company, valued at $776,928,619.50. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 95,815 shares of company stock valued at $36,730,624. Company insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CRWD. Robert W. Baird reduced their target price on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Scotiabank reaffirmed a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Morgan Stanley restated an “overweight” rating on shares of CrowdStrike in a research note on Monday, March 10th. Finally, Wells Fargo & Company upped their target price on CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $398.78.

CrowdStrike Trading Up 6.4 %

CrowdStrike stock opened at $353.73 on Monday. 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 50-day moving average price of $385.70 and a two-hundred day moving average price of $341.86. The firm has a market capitalization of $87.13 billion, a price-to-earnings ratio of 693.60, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59.

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.