Hemenway Trust Co LLC Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Hemenway Trust Co LLC increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,017 shares of the company’s stock after buying an additional 165 shares during the period. Hemenway Trust Co LLC’s holdings in CrowdStrike were worth $2,401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC increased its holdings in CrowdStrike by 112.8% during 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 during the period. FPC Investment Advisory Inc. raised its position in 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 in the last quarter. Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth $34,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth $34,000. Institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CRWD shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Raymond James cut shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Cantor Fitzgerald restated an “overweight” rating and set a $440.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Truist Financial cut their price target on CrowdStrike from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $400.88.

Insider Activity

In related news, Director Sameer K. Gandhi sold 7,880 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $427.59, for a total transaction of $3,369,409.20. Following the completion of the transaction, the director now owns 797,712 shares in the company, valued at $341,093,674.08. This represents a 0.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the transaction, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. This represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 114,551 shares of company stock worth $43,527,642 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $321.63 on Friday. The company has a market capitalization of $79.72 billion, a P/E ratio of 630.66, a P/E/G 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 business’s 50 day moving average is $386.18 and its two-hundred day moving average is $351.38. 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 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.