CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.0% in the 4th quarter, HoldingsChannel reports. The fund owned 10,267 shares of the company’s stock after acquiring an additional 1,182 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in CrowdStrike were worth $3,513,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the 2nd quarter valued at $25,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike in the third quarter valued at $28,000. Fortitude Family Office LLC boosted its stake in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. Tsfg LLC grew its holdings in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares during the period. Finally, Castleview Partners LLC bought a new stake in CrowdStrike in the third quarter worth about $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the sale, the director now directly owns 42,391 shares of the company’s stock, valued at $14,791,491.63. The trade was a 41.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock valued at $38,935,113 over the last quarter. Insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 0.4 %

Shares of NASDAQ:CRWD opened at $363.38 on Friday. 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 $89.50 billion, a PE ratio of 712.52, a P/E/G ratio of 18.55 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33. The firm has a fifty day moving average price of $354.67 and a 200 day moving average price of $312.81.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Citigroup increased their price objective on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI lifted their target price on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $330.00 target price on shares of CrowdStrike in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. increased their price target on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $365.88.

About CrowdStrike

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.