Advisory Services Network LLC Buys 6,174 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Advisory Services Network LLC increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 41,557 shares of the company’s stock after acquiring an additional 6,174 shares during the quarter. Advisory Services Network LLC’s holdings in CrowdStrike were worth $14,219,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CRWD. Jacobi Capital Management LLC raised its position in CrowdStrike by 1.9% during 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 boosted its stake in CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after buying an additional 27 shares during the period. Wintrust Investments LLC increased its position in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after acquiring an additional 29 shares during the last quarter. Synergy Financial Group LTD raised its stake in shares of 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 period. Finally, Greenwich Wealth Management LLC boosted its stake in shares of CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after purchasing an additional 30 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In other news, Director Gerhard Watzinger sold 10,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total value of $3,595,700.00. Following the transaction, the director now directly owns 62,891 shares of the company’s stock, valued at approximately $22,613,716.87. This represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michael Sentonas sold 13,543 shares of CrowdStrike stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now directly owns 405,308 shares of the company’s stock, valued at approximately $145,351,554.96. The trade was a 3.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 114,551 shares of company stock worth $43,527,642 in the last three months. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $324.36 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a market cap of $80.40 billion, a price-to-earnings ratio of 636.01, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The stock has a 50 day simple moving average of $385.19 and a 200-day simple moving average of $352.89.

Analyst Upgrades and Downgrades

Several research analysts have commented on CRWD shares. Citigroup restated a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Morgan Stanley set a $429.00 price target on CrowdStrike in a research note on Tuesday, March 18th. Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Wedbush lifted their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $400.88.

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.