Alta Advisers Ltd Has $266,000 Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Alta Advisers Ltd raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.1% during the fourth quarter, Holdings Channel reports. The firm owned 778 shares of the company’s stock after buying an additional 78 shares during the period. Alta Advisers Ltd’s holdings in CrowdStrike were worth $266,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Harvest Investment Services LLC boosted its stake in shares of CrowdStrike by 18.8% in the 4th quarter. Harvest Investment Services LLC now owns 4,404 shares of the company’s stock valued at $1,507,000 after purchasing an additional 696 shares in the last quarter. FSA Wealth Management LLC lifted its holdings in CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after purchasing an additional 23 shares during the last quarter. J. Safra Sarasin Holding AG boosted its position in CrowdStrike by 43.5% in the fourth quarter. J. Safra Sarasin Holding AG now owns 30,644 shares of the company’s stock valued at $10,485,000 after buying an additional 9,295 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in CrowdStrike by 27.0% during the fourth quarter. OneDigital Investment Advisors LLC now owns 5,319 shares of the company’s stock worth $1,820,000 after buying an additional 1,131 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of CrowdStrike by 7.6% during the fourth quarter. Stifel Financial Corp now owns 351,095 shares of the company’s stock worth $120,130,000 after buying an additional 24,856 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CRWD has been the topic of a number of recent analyst reports. DA Davidson boosted their price objective on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. KeyCorp lowered 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. BMO Capital Markets increased their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, Barclays cut their price target on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $400.53.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 22,449 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.68, for a total value of $8,052,007.32. Following the completion of the sale, the chief executive officer now directly owns 2,178,452 shares of the company’s stock, valued at $781,367,163.36. This trade represents a 1.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on 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 owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,375 shares of company stock valued at $46,197,236. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $368.45 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The business has a 50 day simple moving average of $372.64 and a two-hundred day simple moving average of $359.37. The stock has a market capitalization of $91.33 billion, a PE ratio of 722.47, a P/E/G ratio of 17.86 and a beta of 1.28.

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.