CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Choreo LLC

Choreo LLC boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,084 shares of the company’s stock after purchasing an additional 191 shares during the quarter. Choreo LLC’s holdings in CrowdStrike were worth $2,813,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CRWD. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike during the 4th quarter valued at approximately $27,000. Oakworth Capital Inc. purchased a new stake in CrowdStrike in the 3rd quarter worth $28,000. Fortitude Family Office LLC raised its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the period. Tsfg LLC lifted its holdings in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares in the last quarter. Finally, Castleview Partners LLC acquired a new stake in shares of CrowdStrike in the third quarter valued at about $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

Shares of CRWD opened at $420.51 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market capitalization of $103.58 billion, a price-to-earnings ratio of 824.55, a PEG ratio of 21.13 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $421.63. The company’s 50 day simple moving average is $365.55 and its 200 day simple moving average is $314.12.

Insiders Place Their Bets

In related news, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the sale, the president now directly owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the transaction, the director now directly owns 805,592 shares of the company’s stock, valued at approximately $332,218,084.88. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 111,565 shares of company stock valued at $39,898,614 over the last quarter. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. 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. Wedbush set a $330.00 price target on shares of CrowdStrike in a research note on Thursday, October 17th. JPMorgan Chase & Co. raised their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Oppenheimer raised their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group raised their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $370.00.

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.