1,778 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Acquired by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,778 shares of the company’s stock, valued at approximately $497,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. grew its holdings in CrowdStrike by 96.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,118 shares of the company’s stock valued at $2,728,000 after buying an additional 3,498 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in CrowdStrike by 18.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 27,669 shares of the company’s stock valued at $10,602,000 after buying an additional 4,348 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in CrowdStrike by 9.3% during the 2nd quarter. Apollon Wealth Management LLC now owns 12,047 shares of the company’s stock valued at $4,616,000 after buying an additional 1,022 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in CrowdStrike by 10.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 166,302 shares of the company’s stock valued at $63,725,000 after buying an additional 16,229 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in CrowdStrike by 4.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,212 shares of the company’s stock valued at $464,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of several analyst reports. Royal Bank of Canada decreased their price objective on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Stifel Nicolaus raised their price objective on CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. BNP Paribas initiated coverage on CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price objective on the stock. Argus decreased their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, DA Davidson restated a “buy” rating and set a $310.00 price objective on shares of CrowdStrike in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $355.80.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $368.02 on Monday. 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 business has a 50 day moving average of $330.62 and a two-hundred day moving average of $313.70. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a market cap of $90.65 billion, a P/E ratio of 721.61, a PEG ratio of 19.48 and a beta of 1.11.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total value of $2,183,375.00. Following the sale, the director now directly owns 809,266 shares in the company, valued at approximately $282,708,984.44. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,998 shares of company stock worth $43,943,100 over the last ninety days. 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.