Baron Wealth Management LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Baron Wealth Management LLC purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 585 shares of the company’s stock, valued at approximately $200,000.

Other hedge funds have also modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of CrowdStrike in the 2nd quarter valued at $38,000. Gordian Capital Singapore Pte Ltd grew its stake in CrowdStrike by 15.8% in the second quarter. Gordian Capital Singapore Pte Ltd now owns 586 shares of the company’s stock valued at $225,000 after acquiring an additional 80 shares during the period. NCP Inc. bought a new stake in shares of CrowdStrike in the second quarter worth about $115,000. Sanctuary Advisors LLC acquired a new stake in shares of CrowdStrike during the second quarter worth about $15,285,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of CrowdStrike by 24.3% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock valued at $3,855,000 after purchasing an additional 1,966 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CRWD shares. BMO Capital Markets increased their target price on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Barclays increased their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Wells Fargo & Company boosted their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Wedbush set a $330.00 price target on CrowdStrike in a research note on Thursday, October 17th. Finally, Needham & Company LLC boosted their price target on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $369.00.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,351 shares of company stock worth $38,935,113. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CRWD stock opened at $397.07 on Thursday. The company’s 50-day moving average price is $360.37 and its two-hundred day moving average price is $311.65. The firm has a market cap of $97.80 billion, a P/E ratio of 778.58, a P/E/G ratio of 20.07 and a beta of 1.14. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $411.30.

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.