Optimum Investment Advisors Boosts Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Optimum Investment Advisors raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 33.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 266 shares of the company’s stock after buying an additional 66 shares during the quarter. Optimum Investment Advisors’ holdings in CrowdStrike were worth $91,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Empirical Asset Management LLC purchased a new position in CrowdStrike during the 4th quarter valued at about $11,310,000. Arcadia Investment Management Corp MI grew its holdings in shares of CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after purchasing an additional 2,814 shares in the last quarter. Greenleaf Trust grew its holdings in shares of CrowdStrike by 53.4% during the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after purchasing an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC grew its holdings in shares of CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after purchasing an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of CrowdStrike by 42.6% during the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock worth $15,263,000 after purchasing an additional 13,323 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In other news, CAO Anurag Saha sold 2,858 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the transaction, the chief accounting officer now directly owns 38,201 shares of the company’s stock, valued at $13,916,242.29. This represents a 6.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the transaction, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,858 shares of company stock valued at $21,288,706 over the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 1.8 %

NASDAQ CRWD opened at $362.24 on Monday. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The stock has a market cap of $89.79 billion, a P/E ratio of 710.29, a P/E/G ratio of 17.86 and a beta of 1.19. The stock’s fifty day moving average price is $386.53 and its 200-day moving average price is $345.25. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a report on Wednesday, November 27th. Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Citigroup restated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their target price on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.51.

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.