Arcadia Investment Management Corp MI Acquires 2,814 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Arcadia Investment Management Corp MI boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 30.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,954 shares of the company’s stock after acquiring an additional 2,814 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in CrowdStrike were worth $4,090,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Centricity Wealth Management LLC bought a new stake in CrowdStrike during the fourth quarter worth about $128,000. Cromwell Holdings LLC grew its stake in CrowdStrike by 13.4% during the fourth quarter. Cromwell Holdings LLC now owns 652 shares of the company’s stock worth $223,000 after buying an additional 77 shares during the last quarter. Aspen Investment Management Inc bought a new stake in CrowdStrike during the fourth quarter worth about $419,000. Prakash Investment Advisors LLC bought a new stake in CrowdStrike during the fourth quarter worth about $2,583,000. Finally, Zullo Investment Group Inc. grew its stake in CrowdStrike by 0.9% during the fourth quarter. Zullo Investment Group Inc. now owns 4,304 shares of the company’s stock worth $1,473,000 after buying an additional 37 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $436.14 on Friday. The company has a fifty day moving average price of $383.99 and a two-hundred day moving average price of $328.39. 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 stock has a market cap of $107.43 billion, a P/E ratio of 855.19, a P/E/G ratio of 18.65 and a beta of 1.16. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total value of $2,183,375.00. Following the completion of the sale, the director now owns 809,266 shares in the company, valued at $282,708,984.44. The trade was a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CRWD. Bank of America upped their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Piper Sandler upped their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. Finally, CICC Research assumed coverage on shares of CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $379.73.

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.