KLCM Advisors Inc. Acquires 1,015 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

KLCM Advisors Inc. boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 37.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,720 shares of the company’s stock after purchasing an additional 1,015 shares during the quarter. KLCM Advisors Inc.’s holdings in CrowdStrike were worth $1,273,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CRWD. Berbice Capital Management LLC bought a new position in shares of CrowdStrike during the fourth quarter worth $27,000. Fortitude Family Office LLC lifted its stake in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. Oakworth Capital Inc. bought a new position in shares of CrowdStrike during the 3rd quarter valued at about $28,000. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at about $34,000. Finally, Castleview Partners LLC bought a new stake in shares of CrowdStrike in the third quarter worth about $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $451.74 on Monday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $454.13. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $111.27 billion, a PE ratio of 885.78, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. The business has a 50-day simple moving average of $376.70 and a 200-day simple moving average of $322.86.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CRWD shares. The Goldman Sachs Group raised their price target on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. BMO Capital Markets increased their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. CICC Research started coverage on shares of CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price on the stock. Oppenheimer upped their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, JMP Securities reissued a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $376.00.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the transaction, the director now owns 811,842 shares in the company, valued at $280,613,187.30. The trade was a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the transaction, the director now owns 42,391 shares in the company, valued at $14,791,491.63. This represents a 41.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,565 shares of company stock worth $49,235,849. Corporate insiders own 4.34% of the company’s stock.

About CrowdStrike

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.