Raymond James Financial Inc. Invests $237.38 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Raymond James Financial Inc. acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 693,755 shares of the company’s stock, valued at approximately $237,375,000. Raymond James Financial Inc. owned approximately 0.28% of CrowdStrike at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CRWD. Harbor Capital Advisors Inc. raised its position in shares of CrowdStrike by 61.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,521 shares of the company’s stock worth $988,000 after acquiring an additional 1,335 shares in the last quarter. Moloney Securities Asset Management LLC grew its stake in shares of CrowdStrike by 6.4% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 983 shares of the company’s stock valued at $276,000 after buying an additional 59 shares during the period. Catalina Capital Group LLC acquired a new stake in shares of CrowdStrike in the 3rd quarter valued at about $213,000. Graypoint LLC grew its stake in shares of CrowdStrike by 57.2% in the 3rd quarter. Graypoint LLC now owns 860 shares of the company’s stock valued at $241,000 after buying an additional 313 shares during the period. Finally, BNC Wealth Management LLC grew its stake in shares of CrowdStrike by 11.1% in the 3rd quarter. BNC Wealth Management LLC now owns 8,988 shares of the company’s stock valued at $2,521,000 after buying an additional 900 shares during the period. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research reports. UBS Group reduced their target price on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday. DA Davidson raised their target price on CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday. Bank of America raised their target price on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Stifel Nicolaus cut their price target on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $440.00 price target on shares of CrowdStrike in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $400.10.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 18,071 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the transaction, the chief executive officer now owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. This represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on 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 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 position. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock worth $38,387,254 in the last three months. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Performance

CrowdStrike stock opened at $347.73 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year 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 firm has a market capitalization of $85.65 billion, a PE ratio of 681.84, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The firm’s 50 day simple moving average is $387.50 and its 200 day simple moving average is $338.08.

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.