Sykon Capital LLC Has $1.37 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sykon Capital LLC grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.2% in the 4th quarter, Holdings Channel reports. The fund owned 4,007 shares of the company’s stock after buying an additional 124 shares during the period. Sykon Capital LLC’s holdings in CrowdStrike were worth $1,371,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth about $27,000. Fortitude Family Office LLC grew its holdings in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the last quarter. FPC Investment Advisory Inc. grew its holdings in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $362.24 on Friday. The stock has a market capitalization of $89.79 billion, a price-to-earnings ratio of 710.29, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month 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 50-day moving average of $386.53 and a 200 day moving average of $344.11.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CRWD. Robert W. Baird reduced their target price on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $440.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Morgan Stanley began coverage on CrowdStrike in a research note on Tuesday. They issued an “overweight” rating on the stock. Finally, Wells Fargo & Company boosted their price target on CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $399.51.

Insider Buying and Selling

In other news, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the sale, the president now directly owns 389,589 shares in the company, valued at $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares of the company’s stock, valued at $31,669,042. This trade represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,315 shares of company stock valued at $38,319,124. 4.34% of the stock is owned by company insiders.

CrowdStrike 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.