Signal Advisors Wealth LLC Has $740,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Signal Advisors Wealth LLC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,163 shares of the company’s stock after acquiring an additional 314 shares during the quarter. Signal Advisors Wealth LLC’s holdings in CrowdStrike were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CRWD. Quest Partners LLC purchased a new stake in shares of CrowdStrike during the 2nd quarter worth about $104,000. Wealthspire Advisors LLC increased its holdings in CrowdStrike by 9.8% in the second quarter. Wealthspire Advisors LLC now owns 1,272 shares of the company’s stock worth $487,000 after buying an additional 114 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in CrowdStrike by 6.8% in the second quarter. Envestnet Asset Management Inc. now owns 339,137 shares of the company’s stock worth $129,954,000 after buying an additional 21,590 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in CrowdStrike by 18.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,532 shares of the company’s stock valued at $1,737,000 after acquiring an additional 691 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in CrowdStrike by 54.6% in the second quarter. Dimensional Fund Advisors LP now owns 286,183 shares of the company’s stock valued at $109,670,000 after acquiring an additional 101,079 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the transaction, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This trade represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,351 shares of company stock worth $37,515,473 over the last quarter. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of several analyst reports. Oppenheimer increased their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Cantor Fitzgerald increased their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Jefferies Financial Group boosted their price target on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Citigroup increased their price objective on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Susquehanna raised their price objective on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. One research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $365.88.

CrowdStrike Trading Up 1.9 %

Shares of CRWD stock opened at $348.04 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a fifty day moving average of $353.83 and a 200-day moving average of $312.46. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The stock has a market cap of $85.73 billion, a price-to-earnings ratio of 682.44, a P/E/G ratio of 19.75 and a beta of 1.11.

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.