IPG Investment Advisors LLC Has $1.86 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

IPG Investment Advisors LLC raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 349.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,423 shares of the company’s stock after buying an additional 4,216 shares during the period. IPG Investment Advisors LLC’s holdings in CrowdStrike were worth $1,856,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its position in CrowdStrike by 2,586.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company’s stock worth $143,055,000 after purchasing an additional 402,531 shares during the last quarter. Allianz SE acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $2,587,000. WealthTrak Capital Management LLC bought a new position in shares of CrowdStrike during the fourth quarter worth about $39,000. Allstate Corp acquired a new position in shares of CrowdStrike in the fourth quarter worth approximately $2,353,000. Finally, Maridea Wealth Management LLC bought a new stake in CrowdStrike in the fourth quarter valued at approximately $544,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRWD has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Evercore ISI boosted their target price on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Finally, Citigroup restated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $400.26.

CrowdStrike Trading Down 2.6 %

CRWD stock opened at $357.11 on Friday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The stock has a market capitalization of $88.52 billion, a price-to-earnings ratio of 700.23, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $388.15 and its two-hundred day simple moving average is $348.82.

Insider Buying and Selling

In other news, insider Shawn Henry sold 2,547 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $365.96, for a total transaction of $932,100.12. Following the completion of the sale, the insider now directly owns 82,071 shares of the company’s stock, valued at approximately $30,034,703.16. The trade was a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 2,141 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $371.79, for a total transaction of $796,002.39. Following the completion of the transaction, the chief accounting officer now owns 34,024 shares in the company, valued at approximately $12,649,782.96. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,801 shares of company stock valued at $42,092,255. Company insiders own 4.34% of the company’s stock.

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.