Greykasell Wealth Strategies Inc. Acquires New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Greykasell Wealth Strategies Inc. bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 887 shares of the company’s stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds have also modified their holdings of CRWD. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after purchasing an additional 712,900 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of CrowdStrike in the 4th quarter worth $237,375,000. Amundi increased its holdings in shares of CrowdStrike by 41.9% in the 4th quarter. Amundi now owns 1,382,952 shares of the company’s stock worth $496,093,000 after purchasing an additional 408,190 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CRWD shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Scotiabank reaffirmed a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Truist Financial lifted their price objective on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of CrowdStrike in a report on Monday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.78.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the transaction, the chief executive officer now owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,863 shares of the company’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 value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have 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 Trading Up 6.4 %

Shares of NASDAQ CRWD opened at $353.73 on Friday. The business’s 50 day moving average is $385.70 and its two-hundred day moving average is $340.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The stock has a market capitalization of $87.13 billion, a P/E ratio of 693.60, a PEG ratio of 17.86 and a beta of 1.19.

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.