Diversify Wealth Management LLC Increases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Diversify Wealth Management LLC boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 47.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,831 shares of the company’s stock after acquiring an additional 3,781 shares during the period. Diversify Wealth Management LLC’s holdings in CrowdStrike were worth $4,127,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CRWD. Massachusetts Financial Services Co. MA lifted its holdings in shares of CrowdStrike by 18.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,532 shares of the company’s stock worth $1,737,000 after acquiring an additional 691 shares during the period. Dimensional Fund Advisors LP raised its stake in CrowdStrike by 54.6% during the second quarter. Dimensional Fund Advisors LP now owns 286,183 shares of the company’s stock worth $109,670,000 after purchasing an additional 101,079 shares during the period. Bridges Investment Management Inc. acquired a new position in shares of CrowdStrike in the 2nd quarter valued at $285,000. AE Wealth Management LLC grew its stake in shares of CrowdStrike by 88.5% during the 2nd quarter. AE Wealth Management LLC now owns 6,951 shares of the company’s stock valued at $2,664,000 after buying an additional 3,263 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in shares of CrowdStrike by 32.0% during the 2nd quarter. Pacer Advisors Inc. now owns 37,916 shares of the company’s stock worth $14,529,000 after buying an additional 9,198 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRWD has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Piper Sandler boosted their target price on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. CICC Research started coverage on shares of CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target on the stock. Morgan Stanley boosted their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Jefferies Financial Group raised their target price on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $366.38.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction 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 sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,351 shares of company stock valued at $38,935,113 over the last three months. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 1.8 %

Shares of CrowdStrike stock opened at $357.00 on Monday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The stock has a market capitalization 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 current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The business’s 50 day simple moving average is $355.86 and its 200-day simple moving average is $312.41.

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.