TCV Trust & Wealth Management Inc. Invests $231,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TCV Trust & Wealth Management Inc. purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 675 shares of the company’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ritholtz Wealth Management lifted its position in shares of CrowdStrike by 2.1% in the 3rd quarter. Ritholtz Wealth Management now owns 2,209 shares of the company’s stock worth $620,000 after purchasing an additional 45 shares during the period. Exchange Traded Concepts LLC lifted its holdings in CrowdStrike by 9.5% in the third quarter. Exchange Traded Concepts LLC now owns 11,199 shares of the company’s stock worth $3,141,000 after buying an additional 970 shares during the period. Koshinski Asset Management Inc. lifted its holdings in CrowdStrike by 6.1% in the third quarter. Koshinski Asset Management Inc. now owns 2,818 shares of the company’s stock worth $790,000 after buying an additional 161 shares during the period. Thomasville National Bank boosted its position in CrowdStrike by 18.7% during the 3rd quarter. Thomasville National Bank now owns 800 shares of the company’s stock valued at $224,000 after acquiring an additional 126 shares in the last quarter. Finally, Procyon Advisors LLC grew its holdings in shares of CrowdStrike by 11.0% during the 3rd quarter. Procyon Advisors LLC now owns 1,785 shares of the company’s stock worth $501,000 after acquiring an additional 177 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 0.6 %

CrowdStrike stock opened at $431.64 on Wednesday. The business has a 50-day simple moving average of $370.16 and a two-hundred day simple moving average of $317.93. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $434.78. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $106.32 billion, a P/E ratio of 846.37, a P/E/G ratio of 17.22 and a beta of 1.16.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on 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 transaction, the insider now directly owns 120,298 shares in the company, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was 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. The trade was a 41.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,565 shares of company stock worth $50,597,609. 4.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CRWD shares. Wells Fargo & Company raised their target price on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Needham & Company LLC raised their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Bank of America upped their target price on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. BMO Capital Markets lifted their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group boosted their price objective on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $372.13.

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.