Hollencrest Capital Management Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Hollencrest Capital Management boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 21.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 837 shares of the company’s stock after purchasing an additional 149 shares during the quarter. Hollencrest Capital Management’s holdings in CrowdStrike were worth $286,000 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. Empirical Asset Management LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at $11,310,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after buying an additional 78,305 shares in the last quarter. Arcadia Investment Management Corp MI raised its position in shares of CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after buying an additional 2,814 shares in the last quarter. Greenleaf Trust raised its position in shares of CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock valued at $1,015,000 after buying an additional 1,033 shares in the last quarter. Finally, Trifecta Capital Advisors LLC raised its position in shares of CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after buying an additional 8,561 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the completion of the transaction, the director now directly owns 780,592 shares of the company’s stock, valued at $334,194,852.96. This trade represents a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This trade represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock valued at $38,387,254 in the last three months. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of several research reports. Baird R W cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Rosenblatt Securities restated a “buy” rating and set a $450.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. DA Davidson increased their target price on shares of CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, Raymond James lowered shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $398.78.

CrowdStrike Trading Up 5.2 %

Shares of CRWD opened at $346.76 on Thursday. The firm’s 50-day moving average price is $386.10 and its 200-day moving average price is $340.26. The firm has a market capitalization of $85.41 billion, a price-to-earnings ratio of 679.93, a PEG ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year 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.