Faithward Advisors LLC Grows Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Faithward Advisors LLC increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 8,061 shares of the company’s stock after acquiring an additional 112 shares during the period. Faithward Advisors LLC’s holdings in CrowdStrike were worth $2,758,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. APG Asset Management N.V. lifted its stake in CrowdStrike by 584.4% during the fourth quarter. APG Asset Management N.V. now owns 144,834 shares of the company’s stock worth $47,857,000 after purchasing an additional 123,673 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of CrowdStrike by 17.4% in the 4th quarter. Advisory Services Network LLC now owns 41,557 shares of the company’s stock valued at $14,219,000 after buying an additional 6,174 shares during the period. Bernard Wealth Management Corp. acquired a new position in CrowdStrike during the 4th quarter worth about $1,857,000. Abacus FCF Advisors LLC boosted its holdings in CrowdStrike by 46.0% during the 4th quarter. Abacus FCF Advisors LLC now owns 16,925 shares of the company’s stock valued at $5,791,000 after acquiring an additional 5,332 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in CrowdStrike in the 4th quarter valued at about $17,416,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling

In related news, President Michael Sentonas sold 13,543 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the transaction, the president now directly owns 405,308 shares of the company’s stock, valued at approximately $145,351,554.96. The trade was a 3.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total value of $3,595,700.00. Following the sale, the director now directly owns 62,891 shares in the company, valued at $22,613,716.87. This represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 114,551 shares of company stock valued at $43,527,642 over the last three months. 4.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on CRWD. Piper Sandler set a $347.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Wells Fargo & Company boosted their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Robert W. Baird reduced their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Jefferies Financial Group lowered their target price on CrowdStrike from $425.00 to $410.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Finally, Citigroup reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $400.88.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $324.36 on Tuesday. The stock has a market capitalization of $80.40 billion, a P/E ratio of 636.01, a P/E/G ratio of 17.86 and a beta of 1.28. The business has a 50-day moving average of $385.19 and a two-hundred day moving average of $352.89. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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.