Tyche Wealth Partners LLC Has $1.07 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Tyche Wealth Partners LLC lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,137 shares of the company’s stock after selling 301 shares during the period. Tyche Wealth Partners LLC’s holdings in CrowdStrike were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Czech National Bank lifted its holdings in CrowdStrike by 7.0% during the third quarter. Czech National Bank now owns 47,033 shares of the company’s stock worth $13,191,000 after acquiring an additional 3,084 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of CrowdStrike by 77.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,170 shares of the company’s stock valued at $328,000 after purchasing an additional 509 shares in the last quarter. Miracle Mile Advisors LLC grew its position in shares of CrowdStrike by 21.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,058 shares of the company’s stock valued at $577,000 after purchasing an additional 357 shares during the period. Fulton Bank N.A. increased its stake in CrowdStrike by 46.9% during the 3rd quarter. Fulton Bank N.A. now owns 2,143 shares of the company’s stock worth $601,000 after purchasing an additional 684 shares in the last quarter. Finally, Reliant Investment Management LLC raised its holdings in CrowdStrike by 3.6% during the 3rd quarter. Reliant Investment Management LLC now owns 18,178 shares of the company’s stock worth $5,098,000 after buying an additional 625 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 2.4 %

Shares of CrowdStrike stock 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. The company has a market capitalization of $102.77 billion, a price-to-earnings ratio of 818.09, a PEG ratio of 21.13 and a beta of 1.16. The firm’s 50-day moving average price is $364.15 and its two-hundred day moving average price is $313.40. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $419.39.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the sale, the insider now owns 98,214 shares in the company, valued at $34,857,130.74. The trade was a 3.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 105,315 shares of company stock worth $37,321,176 over the last three months. Insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Piper Sandler increased their price objective on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Morgan Stanley lifted their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Cantor Fitzgerald increased their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. JMP Securities reissued a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Monday, November 4th. Finally, Robert W. Baird restated a “neutral” rating and issued a $430.00 price objective (up previously from $390.00) on shares of CrowdStrike in a report on Monday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $370.00.

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.