Aspen Investment Management Inc Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Aspen Investment Management Inc purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,224 shares of the company’s stock, valued at approximately $419,000.

Several other large investors also recently added to or reduced their stakes in CRWD. Eastern Bank bought a new position in shares of CrowdStrike during the 3rd quarter valued at approximately $337,000. Private Advisor Group LLC lifted its position in CrowdStrike by 51.2% in the third quarter. Private Advisor Group LLC now owns 49,296 shares of the company’s stock worth $13,826,000 after buying an additional 16,685 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in CrowdStrike during the third quarter worth $246,000. MFA Wealth Advisors LLC increased its position in CrowdStrike by 578.4% during the third quarter. MFA Wealth Advisors LLC now owns 12,957 shares of the company’s stock valued at $3,634,000 after acquiring an additional 11,047 shares during the last quarter. Finally, Capital Investment Counsel Inc raised its stake in shares of CrowdStrike by 2.9% in the third quarter. Capital Investment Counsel Inc now owns 1,800 shares of the company’s stock valued at $505,000 after acquiring an additional 50 shares during the period. 71.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on CRWD shares. Piper Sandler lifted their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Evercore ISI boosted their target price on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Rosenblatt Securities upped their target price on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 25th. JMP Securities reissued a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Finally, Barclays boosted their price objective on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $379.73.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 18,071 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. The trade was a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Down 3.1 %

CrowdStrike stock opened at $436.14 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The business has a fifty day moving average price of $383.99 and a 200-day moving average price of $328.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market capitalization of $107.43 billion, a price-to-earnings ratio of 855.19, a PEG ratio of 18.65 and a beta of 1.16.

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.