Larson Financial Group LLC Acquires 88 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Larson Financial Group LLC boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,360 shares of the company’s stock after acquiring an additional 88 shares during the quarter. Larson Financial Group LLC’s holdings in CrowdStrike were worth $465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of CrowdStrike by 17.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 89,766 shares of the company’s stock valued at $30,714,000 after purchasing an additional 13,188 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of CrowdStrike by 3.2% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 57,641 shares of the company’s stock valued at $21,004,000 after purchasing an additional 1,780 shares during the period. Machina Capital S.A.S. bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $304,000. RKL Wealth Management LLC raised its position in shares of CrowdStrike by 2.6% in the fourth quarter. RKL Wealth Management LLC now owns 8,402 shares of the company’s stock valued at $2,875,000 after purchasing an additional 211 shares during the period. Finally, West Family Investments Inc. bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $230,000. Institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays dropped their price target on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Cantor Fitzgerald reissued an “overweight” rating and issued a $440.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Morgan Stanley restated an “overweight” rating on shares of CrowdStrike in a research note on Monday. BMO Capital Markets raised their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company raised their price objective on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $398.78.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares of the company’s stock, valued at $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The shares were 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. This represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,387,254 over the last ninety days. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Performance

CrowdStrike stock opened at $308.86 on Tuesday. The stock has a 50-day simple moving average of $386.26 and a 200 day simple moving average of $339.80. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The stock has a market capitalization of $76.08 billion, a price-to-earnings ratio of 605.62, a P/E/G ratio of 17.86 and a beta of 1.19.

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.