Trust Point Inc. Buys Shares of 1,330 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Trust Point Inc. bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,330 shares of the company’s stock, valued at approximately $455,000.

Other hedge funds also recently added to or reduced their stakes in the company. Synergy Financial Group LTD raised its stake in shares of 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 acquiring an additional 30 shares in the last quarter. M3 Advisory Group LLC raised its stake in shares of CrowdStrike by 2.8% in the 4th quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock valued at $407,000 after acquiring an additional 32 shares in the last quarter. Meridian Financial Partners LLC raised its stake in shares of CrowdStrike by 0.6% in the 4th quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after acquiring an additional 33 shares in the last quarter. First Affirmative Financial Network raised its stake in shares of CrowdStrike by 4.2% in the 4th quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock valued at $278,000 after acquiring an additional 33 shares in the last quarter. Finally, Sunpointe LLC raised its stake in shares of CrowdStrike by 3.1% in the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after acquiring an additional 34 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRWD. Cantor Fitzgerald raised their price objective on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Oppenheimer raised their price objective on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Stifel Nicolaus lifted their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Truist Financial lifted their price target on CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $370.00.

CrowdStrike Trading Up 2.4 %

Shares of CRWD opened at $417.22 on Thursday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $419.39. The firm has a market capitalization of $102.77 billion, a PE ratio of 818.09, a price-to-earnings-growth ratio of 21.13 and a beta of 1.16. The stock’s fifty day simple moving average is $364.15 and its 200-day simple moving average is $313.40.

Insider Activity

In related news, CAO Anurag Saha sold 1,863 shares of the company’s 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 completion of the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 105,315 shares of company stock valued at $37,321,176 over the last 90 days. 4.34% of the stock is owned by company insiders.

CrowdStrike Company 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.