Park Avenue Securities LLC Has $4.17 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Park Avenue Securities LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 23.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,197 shares of the company’s stock after acquiring an additional 2,339 shares during the quarter. Park Avenue Securities LLC’s holdings in CrowdStrike were worth $4,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike in the 2nd quarter valued at $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike during the third quarter valued at about $28,000. Fortitude Family Office LLC grew its position in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. Tsfg LLC increased its stake in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Finally, Castleview Partners LLC acquired a new position in shares of CrowdStrike during the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Trading Up 0.4 %

CRWD opened at $363.38 on Friday. The firm has a 50 day simple moving average of $354.67 and a 200 day simple moving average of $312.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $89.50 billion, a price-to-earnings ratio of 712.52, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the transaction, the insider now directly owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CRWD. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Morgan Stanley raised their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. KeyCorp upped their target price on shares of CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Piper Sandler boosted their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Wedbush set a $330.00 price objective on shares of CrowdStrike in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $365.88.

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.