Paragon Advisors LLC Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Paragon Advisors LLC increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,734 shares of the company’s stock after purchasing an additional 636 shares during the quarter. Paragon Advisors LLC’s holdings in CrowdStrike were worth $2,988,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Beacon Financial Advisory LLC purchased a new position in CrowdStrike during the 3rd quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after acquiring an additional 78,305 shares during the period. Doliver Advisors LP grew its stake in CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after acquiring an additional 4,664 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after acquiring an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC lifted its stake in CrowdStrike by 356.8% in the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after purchasing an additional 5,352 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the completion of the transaction, the insider now directly owns 124,298 shares in the company, valued at $38,455,315.24. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock worth $38,752,993 over the last three months. Company insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Evercore ISI upped their target price on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Barclays upped their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Robert W. Baird lifted their target price on shares of CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $365.88.

CrowdStrike Trading Down 2.8 %

NASDAQ:CRWD opened at $348.84 on Monday. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $352.17 and a 200-day moving average price of $313.03. The stock has a market cap of $85.92 billion, a price-to-earnings ratio of 684.01, a P/E/G ratio of 19.48 and a beta of 1.14.

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.