Northeast Financial Consultants Inc Raises Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Northeast Financial Consultants Inc increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,554 shares of the company’s stock after purchasing an additional 89 shares during the quarter. Northeast Financial Consultants Inc’s holdings in CrowdStrike were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CRWD. Nuveen Asset Management LLC raised its position in shares of CrowdStrike by 4.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,686,147 shares of the company’s stock valued at $576,932,000 after buying an additional 64,095 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CrowdStrike by 4.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 535,367 shares of the company’s stock worth $184,645,000 after acquiring an additional 23,861 shares during the period. Lazard Asset Management LLC raised its holdings in CrowdStrike by 6.5% in the 4th quarter. Lazard Asset Management LLC now owns 6,919 shares of the company’s stock valued at $2,367,000 after acquiring an additional 424 shares during the last quarter. LRI Investments LLC raised its holdings in CrowdStrike by 164.5% in the 4th quarter. LRI Investments LLC now owns 455 shares of the company’s stock valued at $156,000 after acquiring an additional 283 shares during the last quarter. Finally, Lionshead Wealth Management LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth $258,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Up 2.5%

Shares of NASDAQ CRWD opened at $440.20 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. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The stock’s 50-day simple moving average is $379.14 and its 200-day simple moving average is $372.03. The firm has a market cap of $109.11 billion, a price-to-earnings ratio of 863.15, a PEG ratio of 17.86 and a beta of 1.22.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Scotiabank reaffirmed a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. UBS Group lowered their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Piper Sandler set a $347.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. JMP Securities boosted their target price on shares of CrowdStrike from $400.00 to $500.00 and gave the company a “market outperform” rating in a report on Monday, May 5th. Finally, Roth Capital assumed coverage on shares of CrowdStrike in a research report on Wednesday, April 23rd. They set a “buy” rating and a $410.00 price target for the company. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $403.20.

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 13,543 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 value of $4,856,790.66. Following the completion of the transaction, the president now directly owns 405,308 shares in the company, valued at approximately $145,351,554.96. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,431 shares of company stock worth $76,275,228 in the last 90 days. 3.32% of the stock is owned by corporate insiders.

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.