Savvy Advisors Inc. Acquires Shares of 999 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Savvy Advisors Inc. bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 999 shares of the company’s stock, valued at approximately $342,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CRWD. Vanguard Group Inc. increased its holdings in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the period. Jennison Associates LLC increased its stake in shares of CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after buying an additional 352,180 shares during the period. Geode Capital Management LLC lifted its stake in CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after acquiring an additional 124,984 shares during the period. Norges Bank bought a new position in CrowdStrike during the 4th quarter worth about $1,111,542,000. Finally, FMR LLC increased its position in CrowdStrike by 15.0% during the 4th quarter. FMR LLC now owns 2,204,171 shares of the company’s stock valued at $754,179,000 after purchasing an additional 287,960 shares during the period. Institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CRWD shares. Barclays lowered their price target on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Evercore ISI increased their target price on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price target on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. KeyCorp dropped their price objective on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Finally, Bank of America boosted their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $400.88.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the sale, the director now directly owns 768,092 shares of the company’s stock, valued at approximately $248,984,702.72. This trade represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total transaction of $3,595,700.00. Following the completion of the sale, the director now directly owns 62,891 shares of the company’s stock, valued at approximately $22,613,716.87. The trade was a 13.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,801 shares of company stock worth $45,553,642 in the last ninety days. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 0.2 %

CRWD stock opened at $378.66 on Tuesday. The firm’s fifty day moving average is $379.36 and its 200 day moving average is $355.99. The firm has a market cap of $93.86 billion, a PE ratio of 742.49, a P/E/G ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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.