CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Raised by Segment Wealth Management LLC

Segment Wealth Management LLC increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 33.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the company’s stock after buying an additional 500 shares during the quarter. Segment Wealth Management LLC’s holdings in CrowdStrike were worth $684,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike in the second quarter worth $25,000. Fortitude Family Office LLC lifted its holdings in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the period. Itau Unibanco Holding S.A. bought a new position in CrowdStrike in the 2nd quarter valued at about $33,000. Strategic Investment Solutions Inc. IL acquired a new position in CrowdStrike during the 2nd quarter valued at about $38,000. Finally, Oakworth Capital Inc. acquired a new position in CrowdStrike during the 3rd quarter valued at about $28,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction 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 trade represents a 4.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the sale, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,351 shares of company stock valued at $38,935,113. Insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 1.8 %

CrowdStrike stock opened at $357.00 on Tuesday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. The company’s fifty day moving average price is $355.86 and its two-hundred day moving average price is $311.89. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market capitalization of $87.93 billion, a price-to-earnings ratio of 700.01, a PEG ratio of 18.99 and a beta of 1.14.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CRWD shares. The Goldman Sachs Group increased their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Needham & Company LLC upped their target price on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Jefferies Financial Group lifted their price target on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company lifted their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley boosted their price target on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $366.38.

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.