Rehmann Capital Advisory Group Increases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Rehmann Capital Advisory Group increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,264 shares of the company’s stock after acquiring an additional 102 shares during the period. Rehmann Capital Advisory Group’s holdings in CrowdStrike were worth $775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empirical Asset Management LLC acquired a new position in CrowdStrike during the fourth quarter valued at $11,310,000. Primoris Wealth Advisors LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $2,166,000. Arcadia Investment Management Corp MI boosted its stake in shares of CrowdStrike by 30.8% in the fourth 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 last quarter. Greenleaf Trust grew its holdings in CrowdStrike by 53.4% during the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after acquiring an additional 1,033 shares during the period. Finally, Trifecta Capital Advisors LLC raised its position in CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after acquiring an additional 8,561 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

CRWD stock opened at $431.88 on Friday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The business has a fifty day moving average of $370.57 and a two-hundred day moving average of $364.59. The stock has a market cap of $107.05 billion, a price-to-earnings ratio of 846.84, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CRWD. Bank of America raised their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Piper Sandler set a $347.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Wells Fargo & Company upped their price objective on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Needham & Company LLC restated a “buy” rating and set a $420.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Wedbush upped their price target on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $400.76.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. This represents a 3.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 132,875 shares of company stock valued at $50,491,736. 4.34% of the stock is currently owned by insiders.

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.