Modus Advisors LLC Buys 743 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Modus Advisors LLC increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.8% during the fourth quarter, HoldingsChannel reports. The firm owned 5,766 shares of the company’s stock after acquiring an additional 743 shares during the period. Modus Advisors LLC’s holdings in CrowdStrike were worth $1,973,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike during the second quarter worth $25,000. Oakworth Capital Inc. purchased a new position in CrowdStrike during the 3rd quarter valued at about $28,000. Tsfg LLC raised its position in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 89 shares in the last quarter. Castleview Partners LLC purchased a new position in CrowdStrike in the third quarter worth $32,000. Finally, Itau Unibanco Holding S.A. bought a new position in CrowdStrike in the second quarter valued at $33,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the transaction, the insider now directly owns 124,298 shares of the company’s stock, valued at $38,455,315.24. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,351 shares of company stock worth $38,595,056. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the subject of a number of research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a report on Monday, September 30th. Citigroup upped their target price on CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Piper Sandler boosted their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Needham & Company LLC increased their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Sanford C. Bernstein lowered their price target on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $364.25.

CrowdStrike Stock Up 3.0 %

Shares of CrowdStrike stock traded up $10.51 during trading on Friday, reaching $357.85. The company’s stock had a trading volume of 665,635 shares, compared to its average volume of 1,642,791. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. The company has a 50-day simple moving average of $344.69 and a two-hundred day simple moving average of $314.89. 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 company has a market cap of $88.14 billion, a price-to-earnings ratio of 701.68, a P/E/G ratio of 19.48 and a beta of 1.11.

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.