Abbot Financial Management Inc. Boosts Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Abbot Financial Management Inc. boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.6% during the 4th quarter, Holdings Channel reports. The fund owned 2,432 shares of the company’s stock after acquiring an additional 107 shares during the quarter. Abbot Financial Management Inc.’s holdings in CrowdStrike were worth $832,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Laffer Tengler Investments Inc. grew its position in shares of CrowdStrike by 23.2% in the 4th quarter. Laffer Tengler Investments Inc. now owns 8,790 shares of the company’s stock valued at $3,008,000 after buying an additional 1,653 shares during the last quarter. Victory Capital Management Inc. increased its position in CrowdStrike by 14.7% during the fourth quarter. Victory Capital Management Inc. now owns 292,640 shares of the company’s stock worth $100,130,000 after buying an additional 37,446 shares during the period. Keybank National Association OH raised its position in CrowdStrike by 3.4% in the 4th quarter. Keybank National Association OH now owns 5,662 shares of the company’s stock valued at $1,937,000 after purchasing an additional 188 shares during the last quarter. Exencial Wealth Advisors LLC acquired a new stake in CrowdStrike during the 4th quarter worth $270,000. Finally, Commerzbank Aktiengesellschaft FI grew its position in CrowdStrike by 71.1% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 1,495 shares of the company’s stock worth $523,000 after purchasing an additional 621 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

NASDAQ CRWD opened at $390.16 on Wednesday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $96.10 billion, a price-to-earnings ratio of 765.03, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The company has a 50-day moving average price of $387.85 and a two-hundred day moving average price of $337.82.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $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 SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of analyst reports. Rosenblatt Securities lifted their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Canaccord Genuity Group raised their target price on shares of CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a report on Monday. HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a research note on Wednesday, November 27th. UBS Group lifted their price objective on CrowdStrike from $396.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $391.75.

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.