Physician Wealth Advisors Inc. Buys Shares of 199 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Physician Wealth Advisors Inc. acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 199 shares of the company’s stock, valued at approximately $68,000.

A number of other institutional investors have also recently made changes to their positions in CRWD. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after buying an additional 342,294 shares during the last quarter. State Street Corp lifted its position in CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after acquiring an additional 275,717 shares during the period. Jennison Associates LLC grew its stake in CrowdStrike by 6.9% during the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of CrowdStrike by 2.0% in the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after purchasing an additional 97,990 shares during the period. Finally, Norges Bank acquired a new stake in shares of CrowdStrike during the fourth quarter worth about $1,111,542,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Robert W. Baird cut their price target on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. BTIG Research raised shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price target on the stock in a report on Tuesday, March 25th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Wedbush boosted their price target on CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $399.62.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. This represents a 3.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 22,449 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.68, for a total value of $8,052,007.32. Following the transaction, the chief executive officer now owns 2,178,452 shares of the company’s stock, valued at $781,367,163.36. This trade represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,801 shares of company stock worth $42,092,255 over the last three months. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $352.58 on Tuesday. The business’s fifty day simple moving average is $388.06 and its 200-day simple moving average is $350.16. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market cap of $87.40 billion, a PE ratio of 691.35, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59.

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.