Kirtland Hills Capital Management LLC Purchases 757 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kirtland Hills Capital Management LLC increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 36.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,833 shares of the company’s stock after purchasing an additional 757 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in CrowdStrike were worth $969,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Synergy Financial Group LTD raised its stake in CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after acquiring an additional 30 shares in the last quarter. M3 Advisory Group LLC increased its stake in shares of CrowdStrike by 2.8% in the fourth quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock valued at $407,000 after buying an additional 32 shares during the period. Meridian Financial Partners LLC increased its stake in shares of CrowdStrike by 0.6% in the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after buying an additional 33 shares during the period. First Affirmative Financial Network increased its position in CrowdStrike by 4.2% during the 4th quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock valued at $278,000 after purchasing an additional 33 shares during the period. Finally, Hilltop Holdings Inc. increased its position in CrowdStrike by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after purchasing an additional 34 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $379.75 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business’s 50 day simple moving average is $384.90 and its two-hundred day simple moving average is $333.10. The stock has a market capitalization of $93.54 billion, a P/E ratio of 744.62, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59.

Insiders Place Their Bets

In related news, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,565 shares of company stock valued at $51,038,529 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Piper Sandler increased their price target on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Cantor Fitzgerald increased their target price on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Bank of America increased their price target on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. CICC Research began coverage on CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target for the company. Finally, Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $383.08.

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.