Sagespring Wealth Partners LLC Makes New $632,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sagespring Wealth Partners LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,848 shares of the company’s stock, valued at approximately $632,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Empirical Asset Management LLC acquired a new position in CrowdStrike in the fourth quarter worth $11,310,000. Arcadia Investment Management Corp MI lifted its position in CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after buying an additional 2,814 shares in the last quarter. Greenleaf Trust grew its holdings in CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after acquiring an additional 1,033 shares during the last quarter. Trifecta Capital Advisors LLC increased its position in CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after acquiring an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of CrowdStrike by 42.6% in the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock worth $15,263,000 after acquiring an additional 13,323 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research reports. Jefferies Financial Group lowered their price target on shares of CrowdStrike from $425.00 to $410.00 and set a “buy” rating for the company in a report on Monday, March 31st. DA Davidson lifted their target price on CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, UBS Group cut their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $400.88.

CrowdStrike Stock Performance

Shares of CRWD opened at $378.66 on Tuesday. The stock has a market capitalization of $93.86 billion, a price-to-earnings ratio of 742.49, a PEG ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The firm has a fifty day simple moving average of $379.36 and a 200 day simple moving average of $355.99. 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 news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the sale, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This represents a 0.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 120,801 shares of company stock valued at $45,553,642 in the last three months. 4.34% of the stock is currently owned by corporate 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.