SLT Holdings LLC Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SLT Holdings LLC acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,790 shares of the company’s stock, valued at approximately $1,297,000. CrowdStrike comprises approximately 1.2% of SLT Holdings LLC’s portfolio, making the stock its 19th largest position.

A number of other institutional investors have also recently bought and sold shares of CRWD. Empirical Asset Management LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at $11,310,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares during the last quarter. Hemenway Trust Co LLC grew its position in shares of CrowdStrike by 356.8% during the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after buying an additional 5,352 shares during the period. Arcadia Investment Management Corp MI grew its position in shares of CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after buying an additional 2,814 shares during the period. Finally, Greenleaf Trust grew its position in shares of CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after buying an additional 1,033 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Down 4.1 %

CRWD opened at $333.50 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’s fifty day simple moving average is $387.07 and its 200 day simple moving average is $339.05. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The stock has a market cap of $82.14 billion, a PE ratio of 653.93, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were 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 $14,718,009.14. This trade represents a 4.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock valued at $38,387,254 in the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CRWD has been the subject of several analyst reports. Mizuho boosted 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. Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. BMO Capital Markets boosted their target price on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays decreased their price objective on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, CICC Research initiated coverage on CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $400.10.

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.