MFA Wealth Advisors LLC Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

MFA Wealth Advisors LLC increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.7% during the fourth quarter, Holdings Channel reports. The firm owned 13,569 shares of the company’s stock after acquiring an additional 612 shares during the quarter. CrowdStrike makes up 1.2% of MFA Wealth Advisors LLC’s portfolio, making the stock its 22nd biggest holding. MFA Wealth Advisors LLC’s holdings in CrowdStrike were worth $4,643,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CRWD. Empirical Asset Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth about $11,310,000. Beacon Financial Advisory LLC bought a new stake in CrowdStrike during the 3rd quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after purchasing an additional 2,863 shares in the last quarter. Finally, Hemenway Trust Co LLC boosted its holdings in CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after acquiring an additional 5,352 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on CRWD shares. Bank of America lifted their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Citigroup lifted their price objective on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, January 17th. JPMorgan Chase & Co. boosted their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Piper Sandler boosted their price objective on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, KeyCorp lifted their price target on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $370.00.

Insider Activity

In other news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now owns 42,391 shares of the company’s stock, valued at $14,791,491.63. The trade was a 41.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares in the company, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,565 shares of company stock worth $39,898,614. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $421.59 on Monday. The company has a 50 day moving average of $368.52 and a 200-day moving average of $316.29. 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 1-year low of $200.81 and a 1-year high of $431.33. The firm has a market cap of $103.84 billion, a price-to-earnings ratio of 826.66, a PEG ratio of 17.22 and a beta of 1.16.

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.