Sagespring Wealth Partners LLC Purchases Shares of 1,848 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sagespring Wealth Partners LLC acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,848 shares of the company’s stock, valued at approximately $632,000.

A number of other hedge funds have also modified their holdings of CRWD. Jacobi Capital Management LLC increased its stake in 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 purchasing an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of 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 buying an additional 27 shares during the period. Wintrust Investments LLC raised its holdings in shares of 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 acquiring an additional 29 shares during the period. Greenwich Wealth Management LLC lifted its position in shares of CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock valued at $265,000 after acquiring an additional 30 shares in the last quarter. Finally, M3 Advisory Group LLC boosted its stake in CrowdStrike by 2.8% in the 4th quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock worth $407,000 after purchasing an additional 32 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 0.2 %

CRWD stock opened at $378.66 on Tuesday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month 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 company has a market cap of $93.86 billion, a PE ratio of 742.49, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The business’s 50-day simple moving average is $379.36 and its 200 day simple moving average is $355.99.

Analysts Set New Price Targets

Several analysts have issued reports on CRWD shares. Susquehanna boosted their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research note on Wednesday, March 5th. Mizuho increased their price objective on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. BTIG Research raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 target price on the stock in a research note on Tuesday, March 25th. KeyCorp reduced their price target on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Finally, Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Two 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’s stock. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $400.88.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of 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 trade represents a 3.97 % 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, insider Shawn Henry sold 2,547 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $365.96, for a total transaction of $932,100.12. Following the completion of the sale, the insider now directly owns 82,071 shares in the company, valued at approximately $30,034,703.16. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 120,801 shares of company stock valued at $45,553,642. 4.34% of the stock is owned by corporate insiders.

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.