Apriem Advisors Boosts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Apriem Advisors grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 25.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,190 shares of the company’s stock after acquiring an additional 238 shares during the quarter. Apriem Advisors’ holdings in CrowdStrike were worth $407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nwam LLC grew its stake in CrowdStrike by 7.1% in the fourth quarter. Nwam LLC now owns 3,483 shares of the company’s stock valued at $1,192,000 after purchasing an additional 230 shares during the last quarter. Heritage Investors Management Corp bought a new stake in shares of CrowdStrike in the 4th quarter valued at about $225,000. Whipplewood Advisors LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth approximately $53,000. Oregon Public Employees Retirement Fund raised its stake in shares of CrowdStrike by 1.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,955 shares of the company’s stock worth $6,828,000 after acquiring an additional 192 shares in the last quarter. Finally, National Pension Service lifted its position in CrowdStrike by 40.3% during the fourth quarter. National Pension Service now owns 444,026 shares of the company’s stock valued at $151,928,000 after acquiring an additional 127,514 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. KeyCorp lifted their price target on shares of CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Needham & Company LLC boosted their target price on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley upped their target price on CrowdStrike from $390.00 to $429.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Wells Fargo & Company raised their price target on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, BMO Capital Markets upped their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $387.08.

Insiders Place Their Bets

In other 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 completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares of the company’s stock, valued at $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 136,565 shares of company stock worth $51,038,529. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 3.9 %

CRWD opened at $394.56 on Thursday. The company has a market cap of $97.18 billion, a PE ratio of 773.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a 50-day moving average price of $385.81 and a 200 day moving average price of $333.53. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.