Howe & Rusling Inc. Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Howe & Rusling Inc. raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,880 shares of the company’s stock after acquiring an additional 83 shares during the period. Howe & Rusling Inc.’s holdings in CrowdStrike were worth $6,802,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth about $27,000. Fortitude Family Office LLC grew its position in shares of CrowdStrike by 112.8% in the 4th 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 last quarter. FPC Investment Advisory Inc. increased its stake 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 during the period. Luken Investment Analytics LLC bought a new stake in CrowdStrike in the fourth quarter valued at $34,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 3.5 %

NASDAQ CRWD opened at $371.41 on Thursday. The stock has a market cap of $92.06 billion, a PE ratio of 728.27, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The company’s 50-day moving average price is $388.08 and its 200-day moving average price is $347.22. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the transaction, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. This represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares in the company, valued at $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. Insiders have sold 110,801 shares of company stock worth $42,092,255 in the last three months. Corporate insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CRWD. The Goldman Sachs Group reiterated a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Susquehanna boosted their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research note on Wednesday, March 5th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. DA Davidson lifted their target price on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $450.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.26.

About CrowdStrike

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.