Patten & Patten Inc. TN Acquires 900 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Patten & Patten Inc. TN increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,708 shares of the company’s stock after acquiring an additional 900 shares during the period. Patten & Patten Inc. TN’s holdings in CrowdStrike were worth $2,980,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. State Street Corp increased its stake in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the period. Jennison Associates LLC increased its stake in CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after buying an additional 352,180 shares during the period. Geode Capital Management LLC lifted its holdings in CrowdStrike by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after buying an additional 97,990 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in CrowdStrike by 12.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock valued at $440,461,000 after buying an additional 171,861 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in CrowdStrike by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,419,075 shares of the company’s stock worth $485,551,000 after acquiring an additional 64,581 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 6.4 %

NASDAQ CRWD opened at $353.73 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. 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 company has a market capitalization of $87.13 billion, a PE ratio of 693.60, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a fifty day moving average of $385.70 and a 200 day moving average of $341.31.

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the transaction, the president now directly owns 389,589 shares in the company, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 18,071 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the completion of the transaction, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,315 shares of company stock worth $38,387,254. Insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CRWD shares. Stifel Nicolaus decreased their price target on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $450.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Oppenheimer raised their price target on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Scotiabank reaffirmed a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a research report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $398.78.

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.