Commonwealth Equity Services LLC Has $65.36 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Commonwealth Equity Services LLC boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,006 shares of the company’s stock after buying an additional 2,789 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.08% of CrowdStrike worth $65,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRWD. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $27,000. FPC Investment Advisory Inc. grew its stake in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares in the last quarter. Luken Investment Analytics LLC bought a new position in shares of CrowdStrike in the 4th quarter valued at $34,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of CrowdStrike during the 4th quarter valued at $42,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock valued at $38,387,254 over the last 90 days. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. KeyCorp dropped their target price on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Jefferies Financial Group dropped their price objective 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. Stifel Nicolaus reduced their target price on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Susquehanna raised their price target on shares of CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research note on Wednesday, March 5th. Finally, UBS Group cut their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $398.78.

CrowdStrike Price Performance

CRWD stock opened at $332.53 on Friday. The company has a market capitalization of $81.91 billion, a P/E ratio of 652.03, a price-to-earnings-growth 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 business has a 50-day simple moving average of $385.81 and a two-hundred day simple moving average of $340.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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.