Highland Capital Management LLC Acquires 385 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Highland Capital Management LLC raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,895 shares of the company’s stock after purchasing an additional 385 shares during the period. Highland Capital Management LLC’s holdings in CrowdStrike were worth $11,940,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft raised its position in shares of CrowdStrike by 7.7% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 15,344 shares of the company’s stock valued at $5,250,000 after buying an additional 1,091 shares in the last quarter. Allen Capital Group LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $806,000. Robeco Institutional Asset Management B.V. increased its position in CrowdStrike by 28.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 50,605 shares of the company’s stock valued at $17,315,000 after acquiring an additional 11,057 shares during the period. Fulton Breakefield Broenniman LLC acquired a new position in CrowdStrike in the 4th quarter valued at approximately $219,000. Finally, Moody Aldrich Partners LLC acquired a new position in CrowdStrike in the 4th quarter valued at approximately $331,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the firm’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 transaction of $667,810.98. Following the sale, the chief accounting officer now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’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 sale, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock valued at $38,935,113 in the last 90 days. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $397.07 on Thursday. The firm’s 50-day moving average price is $360.37 and its 200-day moving average price is $311.65. 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 market cap of $97.80 billion, a PE ratio of 778.58, a PEG ratio of 20.07 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $411.30.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Rosenblatt Securities upped their price objective on shares of CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 25th. BMO Capital Markets upped their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Bank of America upped their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target 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.