Greystone Financial Group LLC Buys Shares of 21,170 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Greystone Financial Group LLC purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 21,170 shares of the company’s stock, valued at approximately $7,244,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Berbice Capital Management LLC bought a new stake in CrowdStrike during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC increased its holdings in shares of CrowdStrike by 112.8% in the fourth 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. Luken Investment Analytics LLC bought a new position in shares of CrowdStrike in the fourth quarter worth $34,000. Bank of Jackson Hole Trust purchased a new stake in shares of CrowdStrike in the fourth quarter worth $46,000. Finally, Ashton Thomas Securities LLC bought a new stake in CrowdStrike during the third quarter valued at $38,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, 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 transaction of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on 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 directly owns 811,842 shares of the company’s stock, valued at $280,613,187.30. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRWD. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Citigroup upped their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. CICC Research assumed coverage on shares of CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 target price for the company. Susquehanna increased their price target on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada lifted their price objective on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $383.08.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $406.61 on Friday. The firm has a market capitalization of $100.15 billion, a price-to-earnings ratio of 797.30, a PEG ratio of 18.44 and a beta of 1.16. The stock has a fifty day moving average of $384.76 and a 200 day moving average of $329.67. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.