Geneos Wealth Management Inc. Purchases 3,239 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Geneos Wealth Management Inc. increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 21.9% in the fourth quarter, HoldingsChannel reports. The firm owned 18,061 shares of the company’s stock after buying an additional 3,239 shares during the period. Geneos Wealth Management Inc.’s holdings in CrowdStrike were worth $6,180,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CRWD. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth approximately $27,000. Fortitude Family Office LLC grew its holdings 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 buying an additional 44 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of CrowdStrike during the second quarter worth $38,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the third quarter valued at about $28,000. Finally, Tsfg LLC grew its stake in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity

In other news, CAO Anurag Saha sold 1,863 shares of the company’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 of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the sale, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,351 shares of company stock worth $38,935,113. Company insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CRWD. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Cantor Fitzgerald raised their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Rosenblatt Securities upped their target price on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Stifel Nicolaus boosted their price target on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Truist Financial raised their target price on shares of CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.00.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $374.92 on Friday. The firm has a market capitalization of $92.35 billion, a P/E ratio of 735.15, a P/E/G ratio of 20.07 and a beta of 1.14. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The company has a fifty day moving average of $358.65 and a 200-day moving average of $312.32. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.