CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Shelton Capital Management

Shelton Capital Management increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,550 shares of the company’s stock after purchasing an additional 1,347 shares during the period. Shelton Capital Management’s holdings in CrowdStrike were worth $13,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rathbones Group PLC raised its holdings in shares of CrowdStrike by 3.2% in the fourth quarter. Rathbones Group PLC now owns 10,988 shares of the company’s stock worth $3,760,000 after acquiring an additional 340 shares during the last quarter. Twin Capital Management Inc. grew its holdings in shares of CrowdStrike by 10.2% during the fourth quarter. Twin Capital Management Inc. now owns 2,814 shares of the company’s stock worth $963,000 after buying an additional 261 shares in the last quarter. Wellspring Financial Advisors LLC acquired a new position in shares of CrowdStrike in the fourth quarter valued at approximately $253,000. Cerity Partners LLC lifted its stake in shares of CrowdStrike by 0.9% during the fourth quarter. Cerity Partners LLC now owns 274,868 shares of the company’s stock valued at $93,695,000 after buying an additional 2,408 shares during the period. Finally, Sierra Summit Advisors LLC acquired a new stake in CrowdStrike during the fourth quarter worth approximately $311,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of several analyst reports. Rosenblatt Securities restated a “buy” rating and set a $450.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Morgan Stanley set a $429.00 price target on CrowdStrike in a report on Tuesday, March 18th. Bank of America boosted their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Canaccord Genuity Group boosted their price objective 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 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $400.88.

CrowdStrike Price Performance

Shares of CRWD opened at $324.36 on Tuesday. 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. The firm has a market cap of $80.40 billion, a price-to-earnings ratio of 636.01, a PEG ratio of 17.86 and a beta of 1.28. The stock has a 50 day moving average of $385.19 and a 200-day moving average of $352.89.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the sale, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 114,551 shares of company stock worth $43,527,642 over the last ninety days. 4.34% of the stock is 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.