Blue Zone Wealth Advisors LLC Acquires 227 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Blue Zone Wealth Advisors LLC boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,233 shares of the company’s stock after purchasing an additional 227 shares during the period. CrowdStrike comprises approximately 1.8% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Blue Zone Wealth Advisors LLC’s holdings in CrowdStrike were worth $6,239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Empirical Asset Management LLC acquired a new position in CrowdStrike during the fourth quarter valued at approximately $11,310,000. Beacon Financial Advisory LLC acquired a new position in CrowdStrike during the third quarter valued at approximately $955,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after purchasing an additional 78,305 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after purchasing an additional 2,863 shares during the last quarter. Finally, Hemenway Trust Co LLC grew its holdings in CrowdStrike by 356.8% during the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock valued at $1,922,000 after purchasing an additional 5,352 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $451.74 on Friday. The firm has a market capitalization of $111.27 billion, a P/E ratio of 885.78, a PEG ratio of 17.22 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $454.13. The business has a 50-day moving average of $376.70 and a 200-day moving average of $322.24. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the transaction, the director now owns 780,592 shares of the company’s stock, valued at $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. In the last ninety days, insiders sold 132,565 shares of company stock worth $49,235,849. 4.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on CRWD shares. BMO Capital Markets increased their price target on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Stifel Nicolaus raised their price objective on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Bank of America raised their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Hsbc Global Res downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $376.00.

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.