Schear Investment Advisers LLC Purchases 764 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Schear Investment Advisers LLC increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,367 shares of the company’s stock after acquiring an additional 764 shares during the period. CrowdStrike comprises approximately 1.2% of Schear Investment Advisers LLC’s portfolio, making the stock its 21st biggest holding. Schear Investment Advisers LLC’s holdings in CrowdStrike were worth $2,179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CRWD. CAP Partners LLC raised its position in CrowdStrike by 3.4% in the fourth quarter. CAP Partners LLC now owns 1,347 shares of the company’s stock worth $461,000 after acquiring an additional 44 shares during the period. Axecap Investments LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $4,110,000. Stonebridge Financial Group LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $100,000. Summit Trail Advisors LLC lifted its stake in CrowdStrike by 1.4% in the fourth quarter. Summit Trail Advisors LLC now owns 72,455 shares of the company’s stock valued at $24,791,000 after purchasing an additional 985 shares during the last quarter. Finally, Principle Wealth Partners LLC bought a new position in CrowdStrike during the fourth quarter valued at $221,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 0.6 %

Shares of CRWD opened at $431.64 on Wednesday. The firm has a fifty day simple moving average of $370.16 and a two-hundred day simple moving average of $317.93. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $434.78. The stock has a market capitalization of $106.32 billion, a P/E ratio of 846.37, a PEG ratio of 17.22 and a beta of 1.16. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the transaction, the director now directly owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the completion of the sale, the director now directly owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,565 shares of company stock worth $50,597,609. Company insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CRWD. Rosenblatt Securities upped their price target on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Scotiabank increased their target price on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Piper Sandler boosted their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Needham & Company LLC raised their price objective on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $372.13.

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.