CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 28.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,994 shares of the company’s stock after purchasing an additional 1,331 shares during the period. CreativeOne Wealth LLC’s holdings in CrowdStrike were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CRWD. Cahaba Wealth Management Inc. acquired a new position in shares of CrowdStrike during the fourth quarter worth $375,000. Mariner LLC lifted its stake in CrowdStrike by 11.1% during the fourth quarter. Mariner LLC now owns 401,051 shares of the company’s stock worth $137,244,000 after purchasing an additional 40,208 shares during the last quarter. SageView Advisory Group LLC boosted its holdings in CrowdStrike by 23.2% in the fourth quarter. SageView Advisory Group LLC now owns 1,587 shares of the company’s stock valued at $543,000 after purchasing an additional 299 shares in the last quarter. Keystone Financial Group raised its holdings in CrowdStrike by 58.4% during the fourth quarter. Keystone Financial Group now owns 2,126 shares of the company’s stock worth $727,000 after purchasing an additional 784 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $342,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other news, CFO Burt W. Podbere sold 13,529 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.10, for a total transaction of $4,844,734.90. Following the completion of the transaction, the chief financial officer now owns 244,739 shares of the company’s stock, valued at $87,641,035.90. This represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Anurag Saha sold 1,496 shares of the firm’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 sale, the chief accounting officer now directly owns 36,165 shares in the company, 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. Over the last 90 days, insiders have sold 116,801 shares of company stock valued at $44,134,002. Company insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $392.80 on Wednesday. The firm has a market cap of $97.36 billion, a price-to-earnings ratio of 770.21, a price-to-earnings-growth 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 company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average is $378.80 and its two-hundred day moving average is $356.24.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research analyst reports. Raymond James downgraded shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research note on Monday, March 10th. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Needham & Company LLC reiterated a “buy” rating and issued a $420.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group dropped their price objective on shares of CrowdStrike from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Two 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 MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $400.88.

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.