MBA Advisors LLC Invests $413,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

MBA Advisors LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,206 shares of the company’s stock, valued at approximately $413,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of CrowdStrike by 423.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,978 shares of the company’s stock valued at $555,000 after buying an additional 1,600 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of CrowdStrike by 5,113.9% in the 3rd quarter. Gateway Investment Advisers LLC now owns 30,762 shares of the company’s stock worth $8,628,000 after acquiring an additional 30,172 shares during the last quarter. Ritholtz Wealth Management lifted its position in CrowdStrike by 2.1% in the 3rd quarter. Ritholtz Wealth Management now owns 2,209 shares of the company’s stock valued at $620,000 after acquiring an additional 45 shares in the last quarter. InTrack Investment Management Inc boosted its stake in CrowdStrike by 114.3% during the 3rd quarter. InTrack Investment Management Inc now owns 4,294 shares of the company’s stock valued at $1,204,000 after purchasing an additional 2,290 shares during the last quarter. Finally, City State Bank increased its holdings in CrowdStrike by 45.6% during the 3rd quarter. City State Bank now owns 1,853 shares of the company’s stock worth $520,000 after purchasing an additional 580 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity

In other news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,565 shares of company stock worth $39,898,614. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Up 0.3 %

Shares of NASDAQ:CRWD opened at $421.59 on Monday. The firm has a fifty day moving average of $368.52 and a 200 day moving average of $316.29. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $431.33. 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 market capitalization of $103.84 billion, a PE ratio of 826.66, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Baird R W cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Cantor Fitzgerald raised their price target on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Morgan Stanley upped their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Finally, Oppenheimer upped their target price on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $370.00.

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.