Highland Capital Management LLC Raises Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Highland Capital Management LLC grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,455 shares of the company’s stock after buying an additional 181 shares during the quarter. Highland Capital Management LLC’s holdings in CrowdStrike were worth $8,286,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CVA Family Office LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $26,000. Silver Oak Securities Incorporated purchased a new stake in shares of CrowdStrike during the third quarter worth about $27,000. Global Trust Asset Management LLC grew its position in shares of CrowdStrike by 106.0% during the fourth quarter. Global Trust Asset Management LLC now owns 206 shares of the company’s stock worth $53,000 after purchasing an additional 106 shares in the last quarter. Gradient Investments LLC grew its position in shares of CrowdStrike by 1,818.2% during the third quarter. Gradient Investments LLC now owns 211 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $25,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 22,123 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $286.00, for a total transaction of $6,327,178.00. Following the transaction, the president now directly owns 311,872 shares in the company, valued at approximately $89,195,392. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Michael Sentonas sold 22,123 shares of CrowdStrike stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $286.00, for a total value of $6,327,178.00. Following the transaction, the president now directly owns 311,872 shares in the company, valued at approximately $89,195,392. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $240.13, for a total value of $3,601,950.00. Following the completion of the transaction, the director now owns 846,799 shares in the company, valued at $203,341,843.87. The disclosure for this sale can be found here. Insiders have sold 237,667 shares of company stock worth $72,822,280 in the last ninety days. 5.68% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on CRWD shares. HSBC increased their target price on CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Wedbush increased their target price on CrowdStrike from $278.00 to $350.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. TD Cowen increased their price target on CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Truist Financial increased their price target on CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price target on shares of CrowdStrike in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $373.29.

CrowdStrike Trading Down 2.4 %

CRWD opened at $322.25 on Thursday. The stock’s fifty day moving average is $314.16 and its two-hundred day moving average is $246.80. The company has a market capitalization of $77.94 billion, a P/E ratio of 895.16, a PEG ratio of 13.40 and a beta of 1.06. CrowdStrike Holdings, Inc. has a 52 week low of $115.67 and a 52 week high of $365.00. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32.

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.