Wellspring Financial Advisors LLC Takes $253,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Wellspring Financial Advisors LLC bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 738 shares of the company’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CRWD. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth approximately $27,000. Fortitude Family Office LLC boosted its stake in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. grew its holdings in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC bought a new position in CrowdStrike during the 4th quarter worth $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike during the fourth quarter worth $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $321.63 on Monday. The firm’s fifty day simple moving average is $386.18 and its two-hundred day simple moving average is $352.56. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $79.72 billion, a P/E ratio of 630.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

Analysts Set New Price Targets

CRWD has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $450.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $440.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Robert W. Baird reduced their price target on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $400.88.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the sale, the insider now owns 98,214 shares of the company’s stock, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Michael Sentonas sold 13,543 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the transaction, the president now owns 405,308 shares in the company, valued at $145,351,554.96. The trade was a 3.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 114,551 shares of company stock worth $43,527,642. 4.34% of the stock is owned by corporate insiders.

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.