CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Horizon Investments LLC

Horizon Investments LLC increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 47.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,985 shares of the company’s stock after buying an additional 3,530 shares during the period. Horizon Investments LLC’s holdings in CrowdStrike were worth $3,759,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC raised its stake in CrowdStrike by 26.6% during the third quarter. OneDigital Investment Advisors LLC now owns 4,188 shares of the company’s stock worth $1,175,000 after purchasing an additional 881 shares during the period. Natixis Advisors LLC raised its stake in CrowdStrike by 12.4% during the third quarter. Natixis Advisors LLC now owns 39,798 shares of the company’s stock worth $11,162,000 after purchasing an additional 4,382 shares during the period. Claro Advisors LLC raised its stake in CrowdStrike by 35.7% during the third quarter. Claro Advisors LLC now owns 1,613 shares of the company’s stock worth $452,000 after purchasing an additional 424 shares during the period. Thrivent Financial for Lutherans raised its stake in CrowdStrike by 120.6% during the third quarter. Thrivent Financial for Lutherans now owns 89,282 shares of the company’s stock worth $25,041,000 after purchasing an additional 48,808 shares during the period. Finally, Cassaday & Co Wealth Management LLC raised its stake in CrowdStrike by 23.6% during the third quarter. Cassaday & Co Wealth Management LLC now owns 1,094 shares of the company’s stock worth $307,000 after purchasing an additional 209 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the transaction, the director now owns 811,842 shares in the company, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction 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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,315 shares of company stock worth $38,319,124. Corporate insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CRWD. Robert W. Baird reduced their target price on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Stifel Nicolaus reduced their price target on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research note on Wednesday, November 27th. Finally, Canaccord Genuity Group boosted their price target on shares of CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $398.78.

CrowdStrike Trading Down 0.5 %

Shares of CrowdStrike stock opened at $363.15 on Wednesday. The company has a fifty day simple moving average of $385.73 and a 200-day simple moving average of $343.12. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month 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. The stock has a market cap of $89.45 billion, a price-to-earnings ratio of 712.07, a PEG ratio of 17.86 and a beta of 1.19.

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.