New Wave Wealth Advisors LLC Increases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

New Wave Wealth Advisors LLC boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,408 shares of the company’s stock after purchasing an additional 157 shares during the quarter. New Wave Wealth Advisors LLC’s holdings in CrowdStrike were worth $824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth approximately $34,000. Sonora Investment Management Group LLC boosted its holdings in CrowdStrike by 17.8% in the fourth quarter. Sonora Investment Management Group LLC now owns 1,755 shares of the company’s stock worth $600,000 after purchasing an additional 265 shares during the last quarter. Oak Harvest Investment Services bought a new stake in CrowdStrike in the 4th quarter worth approximately $2,596,000. Cibc World Market Inc. raised its stake in CrowdStrike by 38.0% during the 4th quarter. Cibc World Market Inc. now owns 159,815 shares of the company’s stock valued at $54,682,000 after buying an additional 43,972 shares during the last quarter. Finally, Marest Capital LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at $204,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 0.1 %

CrowdStrike stock opened at $396.87 on Friday. 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 has a market cap of $97.75 billion, a P/E ratio of 778.19, a P/E/G ratio of 21.08 and a beta of 1.14. The business has a fifty day moving average of $362.10 and a two-hundred day moving average of $312.84. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $411.30.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares of the company’s stock, valued at $261,745,630.40. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,351 shares of company stock worth $38,935,113 over the last quarter. Insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CRWD. Susquehanna increased their target price on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. The Goldman Sachs Group raised their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Morgan Stanley upped their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Citigroup increased their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, BNP Paribas started coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $369.00.

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.