Patten & Patten Inc. TN Boosts Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Patten & Patten Inc. TN lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,708 shares of the company’s stock after acquiring an additional 900 shares during the period. Patten & Patten Inc. TN’s holdings in CrowdStrike were worth $2,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CRWD. Berbice Capital Management LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $27,000. Fortitude Family Office LLC increased its holdings in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. FPC Investment Advisory Inc. lifted its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in CrowdStrike during the fourth quarter worth $34,000. Finally, Legacy Bridge LLC grew its holdings in CrowdStrike by 976.9% in the 3rd quarter. Legacy Bridge LLC now owns 140 shares of the company’s stock valued at $39,000 after buying an additional 127 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of analyst reports. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a report on Wednesday, November 27th. Needham & Company LLC restated a “buy” rating and set a $420.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Evercore ISI upped their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. KeyCorp cut their target price on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Finally, Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $398.78.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 18,071 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the transaction, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Michael Sentonas sold 10,801 shares of the business’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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $353.73 on Friday. The stock’s 50-day simple moving average is $385.70 and its 200-day simple moving average is $341.31. 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 firm has a market capitalization of $87.13 billion, a PE ratio of 693.60, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

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.