Proficio Capital Partners LLC Buys New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Proficio Capital Partners LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 253,883 shares of the company’s stock, valued at approximately $86,869,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Berbice Capital Management LLC acquired a new stake in CrowdStrike in the fourth quarter valued at $27,000. Fortitude Family Office LLC raised its stake in CrowdStrike by 112.8% in 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. FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% in the fourth 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 acquired a new stake in CrowdStrike in the fourth quarter valued at $34,000. Finally, Princeton Global Asset Management LLC raised its stake in CrowdStrike by 240.0% in the third quarter. Princeton Global Asset Management LLC now owns 136 shares of the company’s stock valued at $38,000 after buying an additional 96 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 3.6 %

Shares of CrowdStrike stock opened at $380.24 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a market capitalization of $93.66 billion, a P/E ratio of 745.58, a P/E/G ratio of 17.86 and a beta of 1.16. The business has a 50 day moving average price of $386.39 and a 200 day moving average price of $333.85.

Analyst Ratings Changes

A number of research firms have weighed in on CRWD. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Needham & Company LLC raised their price target on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Royal Bank of Canada lifted their target price on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Robert W. Baird reiterated a “neutral” rating and set a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a research report on Monday, February 3rd. Finally, Mizuho lifted their target price on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $388.70.

Insider Buying and Selling

In other CrowdStrike news, CFO Burt W. Podbere sold 11,217 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.14, for a total value of $4,017,256.38. Following the completion of the transaction, the chief financial officer now directly owns 290,711 shares in the company, valued at approximately $104,115,237.54. The trade was a 3.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,565 shares of company stock worth $40,570,629 in the last ninety days. Insiders own 4.34% of the company’s stock.

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.