Altman Advisors Inc. Has $2.27 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Altman Advisors Inc. lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,623 shares of the company’s stock after buying an additional 31 shares during the period. Altman Advisors Inc.’s holdings in CrowdStrike were worth $2,266,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CRWD. Berbice Capital Management LLC bought a new position in CrowdStrike in the fourth quarter valued at about $27,000. Fortitude Family Office LLC boosted its stake in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. grew its holdings in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Luken Investment Analytics LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. acquired a new position in CrowdStrike during the 4th quarter worth approximately $34,000. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Piper Sandler set a $347.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Bank of America raised their price objective on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Citigroup reaffirmed a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Raymond James lowered CrowdStrike from an “outperform” rating to a “cautious” rating in a research note on Monday, March 10th. Finally, BTIG Research upgraded CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price target on the stock in a report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $400.88.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $377.90 on Friday. The stock has a market cap of $93.67 billion, a price-to-earnings ratio of 740.99, a PEG ratio of 17.86 and a beta of 1.28. 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 firm’s 50-day simple moving average is $380.13 and its 200 day simple moving average is $354.82.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the transaction, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % 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 this link. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. This trade represents a 3.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 120,801 shares of company stock valued at $45,553,642 over the last ninety days. 4.34% of the stock is currently owned by insiders.

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.