Lake Street Private Wealth LLC Buys 413 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Lake Street Private Wealth LLC raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,450 shares of the company’s stock after acquiring an additional 413 shares during the quarter. Lake Street Private Wealth LLC’s holdings in CrowdStrike were worth $5,286,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Arthur M. Cohen & Associates LLC increased its position in CrowdStrike by 10.9% during the 4th quarter. Arthur M. Cohen & Associates LLC now owns 18,438 shares of the company’s stock worth $6,309,000 after buying an additional 1,811 shares during the period. Brooklyn Investment Group grew its stake in shares of CrowdStrike by 3.6% in the fourth quarter. Brooklyn Investment Group now owns 1,604 shares of the company’s stock valued at $549,000 after acquiring an additional 55 shares in the last quarter. Merit Financial Group LLC increased its position in CrowdStrike by 192.4% during the fourth quarter. Merit Financial Group LLC now owns 3,371 shares of the company’s stock worth $1,153,000 after acquiring an additional 2,218 shares during the period. Brand Asset Management Group Inc. acquired a new stake in CrowdStrike in the 4th quarter worth about $211,000. Finally, Wealthcare Advisory Partners LLC boosted its holdings in CrowdStrike by 4.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 6,017 shares of the company’s stock valued at $2,059,000 after purchasing an additional 259 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the completion of the transaction, the chief executive officer now owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. This trade represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,351 shares of company stock worth $38,935,113. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $357.00 on Friday. The stock has a market cap of $87.93 billion, a price-to-earnings ratio of 700.01, a PEG ratio of 18.55 and a beta of 1.14. 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 Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The firm’s 50-day simple moving average is $355.33 and its 200 day simple moving average is $313.16.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Robert W. Baird lifted their price objective on CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Stifel Nicolaus boosted their price target on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research note on Thursday, October 17th. BMO Capital Markets boosted their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, BNP Paribas began coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $366.38.

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.