Hemenway Trust Co LLC Acquires 165 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

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

A number of other large investors have also added to or reduced their stakes in CRWD. Jacobi Capital Management LLC lifted its holdings in shares of CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after acquiring an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after purchasing an additional 27 shares during the last quarter. Wintrust Investments LLC boosted its position in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after buying an additional 29 shares during the period. Synergy Financial Group LTD grew its stake in shares of CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after buying an additional 30 shares during the last quarter. Finally, Greenwich Wealth Management LLC increased its holdings in shares of CrowdStrike by 4.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 7.4 %

CrowdStrike stock opened at $321.63 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm’s 50 day moving average price is $386.18 and its 200-day moving average price is $351.38. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The stock has a market cap of $79.72 billion, a P/E ratio of 630.66, a PEG ratio of 17.86 and a beta of 1.28.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Rosenblatt Securities restated a “buy” rating and set a $450.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. KeyCorp cut their price target on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Finally, BTIG Research raised shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price objective for the company in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $400.88.

Insiders Place Their Bets

In other news, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total value of $3,595,700.00. Following the sale, the director now owns 62,891 shares of the company’s stock, valued at approximately $22,613,716.87. This represents a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 114,551 shares of company stock valued at $43,527,642 in the last three months. Corporate insiders own 4.34% of the company’s stock.

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.