Concurrent Investment Advisors LLC Boosts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Concurrent Investment Advisors LLC grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,736 shares of the company’s stock after buying an additional 816 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in CrowdStrike were worth $2,305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CRWD. Berbice Capital Management LLC purchased a new position in CrowdStrike in the 4th quarter worth $27,000. Fortitude Family Office LLC raised its position in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the period. Luken Investment Analytics LLC purchased a new position in CrowdStrike in the 4th quarter worth $34,000. Princeton Global Asset Management LLC raised its position in CrowdStrike by 240.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 136 shares of the company’s stock worth $38,000 after purchasing an additional 96 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in CrowdStrike in the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 6.8 %

Shares of NASDAQ CRWD opened at $406.61 on Friday. The company has a market cap of $100.15 billion, a PE ratio of 797.30, a P/E/G ratio of 18.44 and a beta of 1.16. The firm’s 50 day moving average price is $384.76 and its 200-day moving average price is $329.67. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the 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 transaction, the chief accounting officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Sentonas sold 10,801 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the transaction, the president now owns 389,589 shares in the company, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 136,565 shares of company stock worth $51,038,529 over the last quarter. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CRWD shares. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. KeyCorp upped their price objective on shares of CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Evercore ISI upped their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Cantor Fitzgerald upped their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $383.08.

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.