Stablepoint Partners LLC Boosts Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Stablepoint Partners LLC lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,776 shares of the company’s stock after buying an additional 554 shares during the period. Stablepoint Partners LLC’s holdings in CrowdStrike were worth $1,634,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CRWD. Berbice Capital Management LLC purchased a new position in CrowdStrike in the fourth quarter valued at about $27,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC lifted its stake in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. Tsfg LLC grew its holdings in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the period. Finally, Castleview Partners LLC purchased a new stake in CrowdStrike in the third quarter worth $32,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 2,858 shares of CrowdStrike stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the completion of the sale, the chief accounting officer now owns 38,201 shares in the company, valued at approximately $13,916,242.29. This trade represents a 6.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock worth $38,935,113 in the last three months. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $374.92 on Friday. The company has a 50-day simple moving average of $358.65 and a two-hundred day simple moving average of $311.81. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33. The firm has a market cap of $92.35 billion, a price-to-earnings ratio of 735.15, a PEG ratio of 20.07 and a beta of 1.14. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CRWD. Stifel Nicolaus increased their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Citigroup raised their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $369.00.

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.