Cooper Financial Group Raises Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cooper Financial Group increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,356 shares of the company’s stock after purchasing an additional 348 shares during the quarter. Cooper Financial Group’s holdings in CrowdStrike were worth $806,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike during the second quarter worth about $25,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike during the third quarter worth approximately $28,000. Fortitude Family Office LLC grew its stake in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the period. Tsfg LLC raised its holdings in CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the last quarter. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several analyst reports. Morgan Stanley upped their target price on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. Truist Financial raised their target price on shares of CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. BNP Paribas started coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target on the stock. Finally, Barclays boosted their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $365.88.

CrowdStrike Price Performance

Shares of CRWD stock opened at $341.46 on Tuesday. The firm has a fifty day moving average of $353.02 and a two-hundred day moving average of $312.71. The firm has a market cap of $84.11 billion, a P/E ratio of 669.54, a P/E/G ratio of 19.48 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,351 shares of company stock valued at $37,515,473. 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.