Kestra Investment Management LLC Takes $592,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kestra Investment Management LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 2,109 shares of the company’s stock, valued at approximately $592,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Transcend Capital Advisors LLC purchased a new stake in shares of CrowdStrike during the 2nd quarter valued at $229,000. GAMMA Investing LLC increased its stake in CrowdStrike by 134.4% during the second quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock worth $253,000 after acquiring an additional 379 shares during the last quarter. First Hawaiian Bank increased its stake in CrowdStrike by 10.9% during the second quarter. First Hawaiian Bank now owns 3,853 shares of the company’s stock worth $1,476,000 after acquiring an additional 380 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CrowdStrike in the 2nd quarter valued at about $144,000. Finally, Mather Group LLC. grew its holdings in shares of CrowdStrike by 367.2% during the 2nd quarter. Mather Group LLC. now owns 1,112 shares of the company’s stock worth $426,000 after purchasing an additional 874 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 11,178 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.47, for a total transaction of $3,325,119.66. Following the transaction, the chief financial officer now directly owns 286,472 shares of the company’s stock, valued at approximately $85,216,825.84. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,248 shares of company stock valued at $32,465,110. Insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Oppenheimer raised their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Truist Financial upped their price target on shares of CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. BMO Capital Markets raised their price objective on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group upped their target price on CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $355.80.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $345.97 on Monday. The company has a market cap of $84.81 billion, a P/E ratio of 678.39, a PEG ratio of 25.05 and a beta of 1.10. The business has a 50 day moving average of $315.80 and a two-hundred day moving average of $312.87. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.