CMC Financial Group Invests $230,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CMC Financial Group acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 673 shares of the company’s stock, valued at approximately $230,000. CrowdStrike accounts for about 0.5% of CMC Financial Group’s investment portfolio, making the stock its 23rd biggest holding.

Several other institutional investors have also recently modified their holdings of the company. Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike in the fourth quarter worth about $34,000. Vanguard Group Inc. raised its stake in shares of CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the last quarter. LPL Financial LLC raised its stake in shares of CrowdStrike by 6.0% in the fourth quarter. LPL Financial LLC now owns 456,821 shares of the company’s stock worth $156,306,000 after purchasing an additional 26,000 shares during the last quarter. Optimum Investment Advisors raised its stake in shares of CrowdStrike by 33.0% in the fourth quarter. Optimum Investment Advisors now owns 266 shares of the company’s stock worth $91,000 after purchasing an additional 66 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of CrowdStrike in the fourth quarter worth about $27,082,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now owns 89,714 shares in the company, valued at approximately $31,669,042. The trade was a 4.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the sale, the director now owns 780,592 shares in the company, valued at $334,194,852.96. This represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,858 shares of company stock worth $21,288,706 over the last quarter. 4.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRWD. Hsbc Global Res cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Truist Financial raised their target price on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Jefferies Financial Group dropped their target price on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Robert W. Baird dropped their target price on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $440.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.51.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $362.24 on Monday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. 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 $89.79 billion, a P/E ratio of 710.29, a P/E/G ratio of 17.86 and a beta of 1.19. The stock’s fifty day moving average is $386.53 and its two-hundred day moving average is $345.25.

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.