Brookstone Capital Management Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Brookstone Capital Management raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,971 shares of the company’s stock after purchasing an additional 1,209 shares during the quarter. Brookstone Capital Management’s holdings in CrowdStrike were worth $23,599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CRWD. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after purchasing an additional 920,695 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after purchasing an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after purchasing an additional 371,695 shares during the last quarter. Finally, State Street Corp increased its position in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CRWD has been the topic of several research analyst reports. Truist Financial upped their price objective on shares of CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Needham & Company LLC increased their price target on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Canaccord Genuity Group reiterated a “buy” rating and set a $330.00 price target on shares of CrowdStrike in a research report on Monday, September 30th. Jefferies Financial Group increased their price target on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, JMP Securities reiterated a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $365.88.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the completion of the sale, the insider now directly owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. This represents a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the director now directly owns 816,730 shares of the company’s stock, valued at $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock valued at $38,752,993 in the last quarter. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded down $7.98 during midday trading on Monday, hitting $340.86. 751,976 shares of the company’s stock traded hands, compared to its average volume of 2,431,155. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33. The stock has a market capitalization of $83.96 billion, a price-to-earnings ratio of 668.37, a price-to-earnings-growth ratio of 19.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a fifty day moving average of $352.17 and a 200 day moving average of $313.03.

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.