Principle Wealth Partners LLC Takes $221,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Principle Wealth Partners LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 647 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Ritholtz Wealth Management increased its stake in shares of CrowdStrike by 2.1% in the third quarter. Ritholtz Wealth Management now owns 2,209 shares of the company’s stock valued at $620,000 after buying an additional 45 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in CrowdStrike by 9.5% in the third quarter. Exchange Traded Concepts LLC now owns 11,199 shares of the company’s stock valued at $3,141,000 after acquiring an additional 970 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in CrowdStrike by 6.1% in the third quarter. Koshinski Asset Management Inc. now owns 2,818 shares of the company’s stock valued at $790,000 after acquiring an additional 161 shares during the last quarter. Thomasville National Bank boosted its holdings in CrowdStrike by 18.7% in the third quarter. Thomasville National Bank now owns 800 shares of the company’s stock valued at $224,000 after acquiring an additional 126 shares during the last quarter. Finally, Procyon Advisors LLC boosted its holdings in CrowdStrike by 11.0% in the third quarter. Procyon Advisors LLC now owns 1,785 shares of the company’s stock valued at $501,000 after acquiring an additional 177 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 0.6 %

Shares of CrowdStrike stock opened at $431.64 on Wednesday. The business’s 50 day simple moving average is $370.16 and its 200 day simple moving average is $317.93. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $434.78. The firm has a market cap of $106.32 billion, a PE ratio of 846.37, a P/E/G ratio of 17.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on 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 owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. 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 17,120 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the transaction, the director now directly owns 780,592 shares in the company, valued at $334,194,852.96. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,565 shares of company stock valued at $50,597,609 in the last 90 days. 4.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CRWD shares. Morgan Stanley raised their price target on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Robert W. Baird reiterated a “neutral” rating and issued a $430.00 price target (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Susquehanna raised their price target on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. Finally, Piper Sandler raised their price target on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $372.13.

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.