CreativeOne Wealth LLC Acquires 1,331 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CreativeOne Wealth LLC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 28.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,994 shares of the company’s stock after purchasing an additional 1,331 shares during the period. CreativeOne Wealth LLC’s holdings in CrowdStrike were worth $2,051,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CRWD. Cahaba Wealth Management Inc. bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $375,000. Mariner LLC increased its holdings in shares of CrowdStrike by 11.1% in the 4th quarter. Mariner LLC now owns 401,051 shares of the company’s stock valued at $137,244,000 after acquiring an additional 40,208 shares during the period. SageView Advisory Group LLC raised its holdings in CrowdStrike by 23.2% in the fourth quarter. SageView Advisory Group LLC now owns 1,587 shares of the company’s stock worth $543,000 after purchasing an additional 299 shares in the last quarter. Keystone Financial Group raised its stake in shares of CrowdStrike by 58.4% during the 4th quarter. Keystone Financial Group now owns 2,126 shares of the company’s stock worth $727,000 after acquiring an additional 784 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new position in shares of CrowdStrike during the fourth quarter worth $342,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at $42,459,423.38. The trade was a 4.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the sale, the director now directly owns 768,092 shares in the company, valued at $248,984,702.72. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 116,801 shares of company stock worth $44,134,002 over the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CRWD shares. Rosenblatt Securities restated a “buy” rating and set a $450.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. DA Davidson raised their price target on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Jefferies Financial Group cut their price objective on shares of CrowdStrike from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Stifel Nicolaus decreased their target price on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $440.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $400.88.

CrowdStrike Price Performance

CrowdStrike stock opened at $392.80 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market capitalization of $97.36 billion, a price-to-earnings ratio of 770.21, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The company’s 50 day simple moving average is $378.80 and its 200-day simple moving average is $356.24. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59.

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.