Global Trust Asset Management LLC Raises Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Global Trust Asset Management LLC lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 119.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 452 shares of the company’s stock after acquiring an additional 246 shares during the period. Global Trust Asset Management LLC’s holdings in CrowdStrike were worth $155,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike in the second quarter valued at $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike during the third quarter worth about $28,000. Fortitude Family Office LLC increased its position in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares during the period. Tsfg LLC increased its position in CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Finally, Castleview Partners LLC purchased a new stake in CrowdStrike during the 3rd quarter valued at approximately $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent research reports. Jefferies Financial Group boosted their target price on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Stifel Nicolaus boosted their price objective on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. BMO Capital Markets raised their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Morgan Stanley boosted their price target on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Bank of America raised their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $369.00.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $366.41 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $90.25 billion, a PE ratio of 718.47, a price-to-earnings-growth ratio of 18.99 and a beta of 1.14. The company has a 50-day simple moving average of $356.61 and a 200-day simple moving average of $311.51. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the transaction, the director now directly owns 816,730 shares of the company’s stock, valued at $261,745,630.40. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 110,351 shares of company stock worth $38,935,113. Insiders own 4.34% of the company’s stock.

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.