Twin Peaks Wealth Advisors LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Twin Peaks Wealth Advisors LLC bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 603 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CRWD. Allworth Financial LP grew its position in shares of CrowdStrike by 13.9% during the 3rd quarter. Allworth Financial LP now owns 3,688 shares of the company’s stock valued at $1,035,000 after buying an additional 449 shares during the last quarter. Modera Wealth Management LLC boosted its stake in CrowdStrike by 16.4% in the third quarter. Modera Wealth Management LLC now owns 3,620 shares of the company’s stock valued at $1,015,000 after acquiring an additional 510 shares during the period. State of Alaska Department of Revenue boosted its stake in CrowdStrike by 7.0% in the third quarter. State of Alaska Department of Revenue now owns 26,825 shares of the company’s stock valued at $7,523,000 after acquiring an additional 1,745 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of CrowdStrike by 50.6% during the third quarter. Nisa Investment Advisors LLC now owns 41,672 shares of the company’s stock valued at $11,688,000 after purchasing an additional 14,003 shares during the last quarter. Finally, Autumn Glory Partners LLC acquired a new stake in shares of CrowdStrike during the 3rd quarter worth approximately $280,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $379.75 on Wednesday. The company has a market cap of $93.54 billion, a P/E ratio of 744.62, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The company’s fifty day moving average is $384.90 and its two-hundred day moving average is $333.10. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CRWD shares. The Goldman Sachs Group upped their price objective on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Robert W. Baird restated a “neutral” rating and set a $430.00 price target (up previously from $390.00) on shares of CrowdStrike in a research report on Monday, February 3rd. Cantor Fitzgerald lifted their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. CICC Research assumed coverage on shares of CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price for the company. Finally, Barclays boosted their price objective on CrowdStrike from $372.00 to $506.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.08.

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.