Avaii Wealth Management LLC Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Avaii Wealth Management LLC lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,459 shares of the company’s stock after purchasing an additional 134 shares during the quarter. Avaii Wealth Management LLC’s holdings in CrowdStrike were worth $499,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empirical Asset Management LLC purchased a new stake in CrowdStrike during the fourth quarter worth approximately $11,310,000. Beacon Financial Advisory LLC purchased a new stake in CrowdStrike during the 3rd quarter worth $955,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after purchasing an additional 78,305 shares in the last quarter. Doliver Advisors LP raised its position in CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after purchasing an additional 4,664 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after purchasing an additional 2,863 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CRWD. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Wells Fargo & Company boosted their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Susquehanna raised their price target on shares of CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective on the stock. in a report on Wednesday, November 27th. Finally, Robert W. Baird raised their target price on CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $369.00.

CrowdStrike Trading Down 0.7 %

CrowdStrike stock opened at $374.92 on Friday. The firm has a 50-day moving average price of $358.65 and a two-hundred day moving average price of $312.32. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The firm has a market capitalization of $92.35 billion, a price-to-earnings ratio of 735.15, a PEG ratio of 20.07 and a beta of 1.14. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares of the company’s stock, valued at $14,791,491.63. The trade was a 41.44 % 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 valued at $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.