Fortem Financial Group LLC Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fortem Financial Group LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.1% in the fourth quarter, Holdings Channel reports. The firm owned 1,677 shares of the company’s stock after buying an additional 50 shares during the period. Fortem Financial Group LLC’s holdings in CrowdStrike were worth $574,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CRWD. Synergy Financial Group LTD grew its holdings in CrowdStrike by 0.8% in the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after buying an additional 30 shares in the last quarter. Sunpointe LLC boosted its holdings in CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after purchasing an additional 34 shares during the period. Hilltop Holdings Inc. grew its stake in CrowdStrike by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after purchasing an additional 34 shares in the last quarter. Interchange Capital Partners LLC increased its holdings in CrowdStrike by 1.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock worth $1,036,000 after purchasing an additional 39 shares during the period. Finally, JFS Wealth Advisors LLC grew its position in shares of CrowdStrike by 9.1% during the third quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock worth $134,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD traded up $6.48 during mid-day trading on Monday, reaching $365.50. 2,008,890 shares of the company’s stock were exchanged, compared to its average volume of 2,415,637. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. 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 50-day simple moving average of $346.72 and a two-hundred day simple moving average of $313.85. The company has a market cap of $90.03 billion, a price-to-earnings ratio of 716.68, a PEG ratio of 19.48 and a beta of 1.14.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The stock was 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 of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,601 shares of company stock valued at $40,755,368. Insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of recent research reports. Evercore ISI lifted their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. KeyCorp lifted their price target on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Monday, November 4th. Finally, Royal Bank of Canada upped their price objective on shares of CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $365.63.

CrowdStrike Profile

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.