Optimum Investment Advisors Buys 66 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Optimum Investment Advisors lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 33.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 266 shares of the company’s stock after purchasing an additional 66 shares during the quarter. Optimum Investment Advisors’ holdings in CrowdStrike were worth $91,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $27,082,000. Sykon Capital LLC grew its position in shares of CrowdStrike by 3.2% during the fourth quarter. Sykon Capital LLC now owns 4,007 shares of the company’s stock worth $1,371,000 after purchasing an additional 124 shares in the last quarter. Intellus Advisors LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $590,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $91,000. Finally, Mizuho Securities USA LLC grew its position in shares of CrowdStrike by 47.3% during the fourth quarter. Mizuho Securities USA LLC now owns 22,056 shares of the company’s stock worth $7,547,000 after purchasing an additional 7,084 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD stock opened at $362.24 on Monday. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The stock’s 50-day moving average is $386.53 and its 200 day moving average is $345.25. The company has a market cap of $89.79 billion, a P/E ratio of 710.29, a PEG ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 2,858 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the sale, the chief accounting officer now owns 38,201 shares of the company’s stock, valued at $13,916,242.29. This trade represents a 6.96 % 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 the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,858 shares of company stock valued at $21,288,706 over the last quarter. 4.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Evercore ISI increased their target price on CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. UBS Group cut their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Piper Sandler set a $347.00 price target on CrowdStrike in a report on Wednesday, March 5th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $399.51.

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.