CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Holdings Decreased by Traphagen Investment Advisors LLC

Traphagen Investment Advisors LLC lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,070 shares of the company’s stock after selling 197 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in CrowdStrike were worth $366,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike in the second quarter worth $25,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike during the 3rd quarter worth about $28,000. Fortitude Family Office LLC grew its stake in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. Tsfg LLC increased its holdings in shares of CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the period. Finally, Castleview Partners LLC purchased a new stake in shares of CrowdStrike in the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 2.6 %

Shares of CRWD opened at $366.41 on Wednesday. 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 50-day moving average price of $356.16 and a two-hundred day moving average price of $311.67. The stock has a market cap of $90.25 billion, a price-to-earnings ratio of 718.47, a P/E/G ratio of 18.99 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. This represents a 0.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the transaction, the insider now owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock worth $38,935,113 in the last 90 days. 4.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CRWD shares. CICC Research initiated coverage on shares of CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective on the stock. Oppenheimer upped their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Truist Financial lifted their price objective on CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Robert W. Baird raised their price target on CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley boosted their price target on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $369.00.

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.