Grassi Investment Management Invests $240,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Grassi Investment Management bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 700 shares of the company’s stock, valued at approximately $240,000.

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 during the second quarter worth about $25,000. Fortitude Family Office LLC boosted its stake in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of CrowdStrike during the second quarter worth about $33,000. Fairfield Financial Advisors LTD acquired a new stake in shares of CrowdStrike during the second quarter worth about $38,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in CrowdStrike during the second quarter worth about $38,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the sale, the president now directly owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the sale, the insider now directly owns 124,298 shares in the company, valued at $38,455,315.24. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,351 shares of company stock valued at $38,752,993. 4.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRWD. KeyCorp increased their price target on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Bank of America increased their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. JMP Securities reissued a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a report on Monday, November 4th. Citigroup increased their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, CICC Research assumed coverage on shares of CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $365.88.

CrowdStrike Stock Down 2.7 %

CRWD traded down $9.44 during trading on Monday, reaching $339.40. The company had a trading volume of 2,209,356 shares, compared to its average volume of 2,631,669. 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 12 month low of $200.81 and a 12 month high of $398.33. The business’s fifty day moving average price is $352.17 and its 200 day moving average price is $313.03. The company has a market cap of $83.60 billion, a P/E ratio of 665.50, a PEG ratio of 19.48 and a beta of 1.14.

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.