Beacon Investment Advisory Services Inc. Lowers Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Beacon Investment Advisory Services Inc. lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,483 shares of the company’s stock after selling 557 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in CrowdStrike were worth $3,587,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Burr Financial Services LLC raised its position in shares of CrowdStrike by 121.8% in the 4th quarter. Burr Financial Services LLC now owns 2,750 shares of the company’s stock worth $941,000 after buying an additional 1,510 shares during the period. MinichMacGregor Wealth Management LLC acquired a new stake in CrowdStrike during the fourth quarter worth about $236,000. Mutual Advisors LLC raised its holdings in shares of CrowdStrike by 15.1% in the 4th quarter. Mutual Advisors LLC now owns 5,114 shares of the company’s stock worth $1,858,000 after purchasing an additional 670 shares during the period. Magnus Financial Group LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $241,000. Finally, Eagle Wealth Strategies LLC acquired a new stake in CrowdStrike during the 4th quarter worth approximately $209,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the transaction, the insider now owns 98,214 shares of the company’s stock, valued at $34,857,130.74. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,351 shares of company stock worth $38,935,113. Insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Jefferies Financial Group lifted 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. BNP Paribas assumed coverage on shares of CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. Stifel Nicolaus boosted their price objective on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Wedbush set a $330.00 target price on CrowdStrike in a research report on Thursday, October 17th. Finally, Barclays raised their target price on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $369.00.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $377.98 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market capitalization of $93.10 billion, a PE ratio of 741.15, a P/E/G ratio of 19.49 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. The business’s fifty day moving average price is $357.22 and its two-hundred day moving average price is $311.97.

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.