IFG Advisory LLC Has $1.89 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

IFG Advisory LLC raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 234.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,400 shares of the company’s stock after buying an additional 5,188 shares during the quarter. IFG Advisory LLC’s holdings in CrowdStrike were worth $1,889,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CRWD. BlackRock Inc. grew its position in CrowdStrike by 17.6% in the second quarter. BlackRock Inc. now owns 16,070,200 shares of the company’s stock valued at $2,360,230,000 after acquiring an additional 2,401,659 shares during the period. Vanguard Group Inc. grew its position in CrowdStrike by 1.0% in the third quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock valued at $2,463,451,000 after acquiring an additional 150,898 shares during the period. Morgan Stanley grew its position in CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after acquiring an additional 2,757,251 shares during the period. State Street Corp grew its position in CrowdStrike by 1.6% in the second quarter. State Street Corp now owns 4,392,861 shares of the company’s stock valued at $645,179,000 after acquiring an additional 70,484 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its position in CrowdStrike by 62.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock valued at $396,019,000 after acquiring an additional 1,440,905 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Down 2.4 %

CRWD stock opened at $322.25 on Thursday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $77.94 billion, a PE ratio of 895.16, a PEG ratio of 13.40 and a beta of 1.06. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. The business’s 50 day simple moving average is $314.16 and its 200 day simple moving average is $246.80.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,786 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total value of $592,094.72. Following the completion of the sale, the chief accounting officer now directly owns 34,350 shares in the company, valued at approximately $11,387,712. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the sale, the chief executive officer now directly owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,786 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total value of $592,094.72. Following the sale, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at $11,387,712. The disclosure for this sale can be found here. In the last three months, insiders have sold 237,667 shares of company stock valued at $72,822,280. 5.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on CrowdStrike from $350.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Canaccord Genuity Group increased their target price on CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. HSBC increased their target price on CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Wells Fargo & Company increased their target price on CrowdStrike from $315.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Finally, Scotiabank increased their target price on CrowdStrike from $320.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $373.29.

CrowdStrike Company 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.