7,319 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Bought by Palacios Wealth Management LLC

Palacios Wealth Management LLC acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 7,319 shares of the company’s stock, valued at approximately $2,620,000. CrowdStrike makes up about 2.8% of Palacios Wealth Management LLC’s portfolio, making the stock its 9th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its stake in shares of CrowdStrike by 27.4% in the fourth quarter. Bogart Wealth LLC now owns 740 shares of the company’s stock worth $253,000 after purchasing an additional 159 shares in the last quarter. Catalyst Financial Partners LLC grew its stake in shares of CrowdStrike by 24.5% in the fourth quarter. Catalyst Financial Partners LLC now owns 1,037 shares of the company’s stock worth $355,000 after purchasing an additional 204 shares in the last quarter. PrairieView Partners LLC grew its stake in shares of CrowdStrike by 9.7% in the fourth quarter. PrairieView Partners LLC now owns 452 shares of the company’s stock worth $154,000 after purchasing an additional 40 shares in the last quarter. Ingalls & Snyder LLC grew its stake in shares of CrowdStrike by 9.9% in the fourth quarter. Ingalls & Snyder LLC now owns 6,868 shares of the company’s stock worth $2,350,000 after purchasing an additional 618 shares in the last quarter. Finally, Clarity Capital Partners LLC grew its stake in shares of CrowdStrike by 13.0% in the fourth quarter. Clarity Capital Partners LLC now owns 6,777 shares of the company’s stock worth $2,319,000 after purchasing an additional 780 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the transaction, the director now owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction dated 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 represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,565 shares of company stock valued at $49,235,849. Insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Rosenblatt Securities upped their price objective on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a report on Monday, November 25th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. CICC Research started coverage on CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective for the company. Finally, Bank of America upped their price objective on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $376.00.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $453.77 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $454.13. The stock’s 50-day moving average is $373.20 and its two-hundred day moving average is $319.97. The firm has a market cap of $111.77 billion, a P/E ratio of 889.76, a PEG ratio of 17.22 and a beta of 1.16.

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.