TCTC Holdings LLC Takes $45,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TCTC Holdings LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 131 shares of the company’s stock, valued at approximately $45,000.

A number of other hedge funds have also modified their holdings of CRWD. Jacobi Capital Management LLC increased its holdings in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after purchasing an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after purchasing an additional 27 shares during the last quarter. Wintrust Investments LLC increased its holdings in shares of CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after purchasing an additional 29 shares during the last quarter. Synergy Financial Group LTD increased its holdings in shares of CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after purchasing an additional 30 shares during the last quarter. Finally, Greenwich Wealth Management LLC increased its holdings in shares of CrowdStrike by 4.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock valued at $265,000 after purchasing an additional 30 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Up 3.1 %

Shares of NASDAQ CRWD opened at $364.83 on Tuesday. The company has a market capitalization of $89.86 billion, a price-to-earnings ratio of 715.37, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. 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 business has a 50-day moving average of $385.67 and a two-hundred day moving average of $342.51. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now owns 89,714 shares in the company, valued at $31,669,042. This trade represents a 4.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,319,124 in the last ninety days. Insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Baird R W cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. KeyCorp cut their target price on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. CICC Research assumed coverage on CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 target price for the company. Finally, Citigroup reissued a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $398.78.

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.