Wellington Shields & Co. LLC Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Wellington Shields & Co. LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,267 shares of the company’s stock after acquiring an additional 209 shares during the period. Wellington Shields & Co. LLC’s holdings in CrowdStrike were worth $434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new stake in CrowdStrike during the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC raised its stake in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Luken Investment Analytics LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $34,000. Finally, Legacy Bridge LLC increased its position in CrowdStrike by 976.9% during the 3rd quarter. Legacy Bridge LLC now owns 140 shares of the company’s stock worth $39,000 after purchasing an additional 127 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 6.4 %

Shares of CRWD opened at $353.73 on Friday. 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 firm has a market capitalization of $87.13 billion, a P/E ratio of 693.60, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock’s fifty day simple moving average is $385.70 and its 200 day simple moving average is $340.82. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Oppenheimer boosted their target price on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Mizuho boosted their target price on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Needham & Company LLC reiterated a “buy” rating and set a $420.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Canaccord Genuity Group boosted their target price on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $398.78.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now directly owns 811,842 shares in the company, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is currently owned by company insiders.

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.