Kensington Investment Counsel LLC Increases Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kensington Investment Counsel LLC increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,941 shares of the company’s stock after purchasing an additional 48 shares during the period. Kensington Investment Counsel LLC’s holdings in CrowdStrike were worth $2,375,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Jacobi Capital Management LLC grew its position in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after purchasing an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in shares of CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after purchasing an additional 27 shares during the period. Wintrust Investments LLC grew its position in shares of CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after purchasing an additional 29 shares during the period. Synergy Financial Group LTD boosted its holdings in CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after acquiring an additional 30 shares during the last quarter. Finally, Greenwich Wealth Management LLC boosted its holdings in CrowdStrike by 4.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock valued at $265,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 3.1 %

NASDAQ:CRWD opened at $364.83 on Tuesday. The firm has a market capitalization of $89.86 billion, a PE ratio of 715.37, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock has a 50 day moving average of $385.67 and a 200-day moving average of $342.51. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CRWD shares. Mizuho lifted their target price on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a report on Wednesday, November 27th. UBS Group reduced their target price on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $398.78.

Insider Activity

In other news, CFO Burt W. Podbere sold 11,217 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the completion of the transaction, the chief financial officer now directly owns 290,711 shares in the company, valued at approximately $104,115,237.54. The trade was a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,315 shares of company stock valued at $38,319,124. 4.34% of the stock is currently owned by insiders.

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.