StrongBox Wealth LLC Sells 112 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

StrongBox Wealth LLC reduced its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 645 shares of the company’s stock after selling 112 shares during the period. StrongBox Wealth LLC’s holdings in CrowdStrike were worth $221,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the 2nd quarter valued at about $25,000. Oakworth Capital Inc. purchased a new position in CrowdStrike in the third quarter worth about $28,000. Fortitude Family Office LLC raised its holdings in CrowdStrike by 112.8% in 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 last quarter. Tsfg LLC raised its holdings in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares during the last quarter. Finally, Castleview Partners LLC purchased a new position in CrowdStrike in the third quarter worth about $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRWD. Rosenblatt Securities lifted their target price on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Needham & Company LLC lifted their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Citigroup lifted their target price on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Canaccord Genuity Group reissued a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $365.88.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $362.02 on Thursday. 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 price of $353.83 and a 200 day moving average price of $312.46. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The firm has a market cap of $89.17 billion, a price-to-earnings ratio of 709.86, a P/E/G ratio of 18.55 and a beta of 1.14.

Insider Buying and Selling

In related news, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,351 shares of company stock worth $37,515,473. 4.34% of the stock is owned by insiders.

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.