Trivest Advisors Ltd Increases Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Trivest Advisors Ltd boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 34.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 175,000 shares of the company’s stock after purchasing an additional 45,000 shares during the quarter. CrowdStrike accounts for 2.7% of Trivest Advisors Ltd’s holdings, making the stock its 12th largest holding. Trivest Advisors Ltd’s holdings in CrowdStrike were worth $59,878,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berbice Capital Management LLC bought a new stake in CrowdStrike in the fourth quarter valued at $27,000. Fortitude Family Office LLC boosted its holdings in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the period. FPC Investment Advisory Inc. grew its holdings in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in CrowdStrike in the 4th quarter valued at approximately $34,000. Finally, Legacy Bridge LLC raised its stake in shares of CrowdStrike by 976.9% during the 3rd quarter. Legacy Bridge LLC now owns 140 shares of the company’s stock worth $39,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group decreased their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Susquehanna lifted 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. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Citigroup reissued a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus cut their price objective on CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $398.78.

CrowdStrike Stock Down 0.5 %

NASDAQ:CRWD opened at $363.15 on Wednesday. The company’s 50-day simple moving average is $385.73 and its 200-day simple moving average is $343.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The stock has a market capitalization of $89.45 billion, a P/E ratio of 712.07, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Activity at CrowdStrike

In other news, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the transaction, the director now owns 780,592 shares of the company’s stock, valued at $334,194,852.96. The trade was a 2.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. The trade was a 4.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,319,124 over the last 90 days. Insiders own 4.34% of the company’s stock.

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.