NovaPoint Capital LLC Boosts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

NovaPoint Capital LLC raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 907 shares of the company’s stock after purchasing an additional 100 shares during the quarter. NovaPoint Capital LLC’s holdings in CrowdStrike were worth $310,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Berbice Capital Management LLC purchased a new stake in CrowdStrike in the 4th quarter valued at about $27,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike during the third quarter valued at approximately $28,000. Fortitude Family Office LLC increased its holdings in CrowdStrike by 112.8% during the 4th 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 period. Tsfg LLC increased its stake in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 89 shares during the period. Finally, Castleview Partners LLC bought a new position in CrowdStrike during the 3rd quarter worth about $32,000. 71.16% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 105,315 shares of company stock worth $37,321,176 over the last quarter. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Up 2.4 %

CRWD stock opened at $417.22 on Thursday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $419.39. The business’s 50-day moving average is $364.15 and its 200 day moving average is $313.40. 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 market cap of $102.77 billion, a price-to-earnings ratio of 818.09, a PEG ratio of 21.13 and a beta of 1.16.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CRWD shares. Truist Financial lifted their price objective on shares of CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Royal Bank of Canada boosted their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Jefferies Financial Group increased their price target on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. KeyCorp lifted their price objective on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Stifel Nicolaus increased their target price on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $370.00.

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.