Flagship Wealth Advisors LLC Acquires New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Flagship Wealth Advisors LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,020 shares of the company’s stock, valued at approximately $349,000.

A number of other institutional investors have also recently made changes to their positions in the business. State Street Corp grew its holdings in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after purchasing an additional 352,180 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of CrowdStrike by 2.0% in the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after purchasing an additional 97,990 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of CrowdStrike by 12.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock valued at $440,461,000 after purchasing an additional 171,861 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in CrowdStrike by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,419,075 shares of the company’s stock worth $485,551,000 after acquiring an additional 64,581 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CRWD. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Canaccord Genuity Group boosted their price target on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. UBS Group lowered their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $440.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.78.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $353.73 on Monday. The stock has a market cap of $87.13 billion, a price-to-earnings ratio of 693.60, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The company’s 50-day moving average price is $385.70 and its 200 day moving average price is $341.86. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 5,505 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $1,973,377.35. Following the transaction, the insider now directly owns 110,293 shares in the company, valued at $39,536,731.71. This represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,815 shares of company stock valued at $36,730,624 in the last ninety days. Insiders own 4.34% of the company’s stock.

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.