Patten Group Inc. Purchases 384 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Patten Group Inc. boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.1% in the 4th quarter, Holdings Channel reports. The firm owned 5,144 shares of the company’s stock after buying an additional 384 shares during the quarter. Patten Group Inc.’s holdings in CrowdStrike were worth $1,760,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Empirical Asset Management LLC purchased a new position in CrowdStrike during the 4th quarter valued at $11,310,000. Beacon Financial Advisory LLC bought a new stake in shares of CrowdStrike during the third quarter worth $955,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after purchasing an additional 78,305 shares during the period. Hemenway Trust Co LLC grew its holdings in shares of 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 purchasing an additional 5,352 shares during the last quarter. Finally, Arcadia Investment Management Corp MI increased its stake in CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after buying an additional 2,814 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the sale, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 18,071 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the transaction, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock valued at $38,387,254 in the last ninety days. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $382.73 on Tuesday. 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. The firm has a market cap of $94.27 billion, a P/E ratio of 750.47, a P/E/G ratio of 17.86 and a beta of 1.16. The business’s 50 day moving average price is $387.36 and its 200 day moving average price is $336.92.

Analyst Ratings Changes

CRWD has been the subject of several research reports. Oppenheimer boosted their price objective 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. Bank of America increased their price objective on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Robert W. Baird reaffirmed a “neutral” rating and set a $430.00 target price (up from $390.00) on shares of CrowdStrike in a research report on Monday, February 3rd. Truist Financial increased their price target on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus lifted their price objective on CrowdStrike from $400.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $391.75.

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.