CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Lifted by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 36.1% during the fourth quarter, HoldingsChannel reports. The fund owned 20,677 shares of the company’s stock after purchasing an additional 5,481 shares during the period. CrowdStrike accounts for about 2.7% of Left Brain Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding. Left Brain Wealth Management LLC’s holdings in CrowdStrike were worth $7,075,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. State Street Corp increased its holdings in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after acquiring an additional 352,180 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CrowdStrike by 2.0% during the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after purchasing an additional 97,990 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of CrowdStrike by 12.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock worth $440,461,000 after purchasing an additional 171,861 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of CrowdStrike by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,419,075 shares of the company’s stock worth $485,551,000 after purchasing an additional 64,581 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRWD. Evercore ISI raised their price objective on CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Mizuho raised their price objective on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Jefferies Financial Group dropped their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Stifel Nicolaus lowered their price objective on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, Raymond James downgraded shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $398.78.

Insider Activity at CrowdStrike

In other news, 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 transaction of $667,810.98. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Burt W. Podbere sold 11,217 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the transaction, the chief financial officer now owns 290,711 shares in the company, valued at approximately $104,115,237.54. The trade was a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,315 shares of company stock valued at $38,387,254. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $332.53 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market capitalization of $81.91 billion, a price-to-earnings ratio of 652.03, a PEG ratio of 17.86 and a beta of 1.19. The company’s 50 day simple moving average is $385.81 and its 200 day simple moving average is $340.21. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59.

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.